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Daisy Bernido Group
In this Group: Daisy, Merylinda, Lilia
Daisy A. is from the village of Libertad Alto, Sinacaban, Misamis Occidental. She is 35 years old. Daisy is the group leader of a 3-member group loan offered by PMPC. While each member of the group receives an individual loan, they are all collectively responsible for paying back the loans of their fellow group members if someone is delinquent or defaults.

Daisy is married. To make a living, Daisy owns & operates a business venture in the retail sector running a general store. While not the only means for generating revenue, the main source of income for the business comes primarily from selling a variety of different products in the local community. Daisy has been engaged in her business for over 6 years and earns approximately 3400 PHP a month for these activities.

In 2007, Daisy joined PMPC to gain access to financial services to help improve her living situation and her ability to engage in business activities. Daisy has successfully repaid a previous loan of 5000 PHP from PMPC. This previous loan was used to to purchase additional products to sell. Daisy is requesting a new loan of 11000 PHP which will be used to purchase additional products to sell. This will be the 5th loan taken out by Daisy from PMPC. She plans to use the additional revenue generated from the business to save as a reserve for future emergencies.

About PMPC:

Paglaum Multi-Purpose Cooperative (PMPC) is one of the most progressive cooperatives in northwestern Mindanao. It reaches out to the rural poor using the Grameen model.

*Note: To maximize efficiency and reduce costs, this loan was posted using a template to automate the translation by Kiva. Given that manual translation of entrepreneur profiles is costly, Kiva created this template for our Field Partner to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.

Additional Information

About Paglaum Multi-Purpose Cooperative

Paglaum Multi-Purpose Cooperative (PMPC) was founded in 1992 by the beneficiaries, parents and staff of the Paglaum Community Development Foundation to address economic and livelihood activities for sustainability. The organization operates in the northwestern provinces of Mindanao and Visayas.

In the local vernacular, “paglaum” means “hope.” The initial foundation is dedicated to child development through a holistic approach. The goal is to build self-reliance and expand opportunity so the poorest of the poor can help themselves.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Philippines

  • $1175
    Average annual income
  • 371
    View loans »
    Philippines Loans Fundraising
  • $50,851,300
    Funds lent in using Kiva
  • 46.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A portion of Daisy Bernido Group's $625 loan helped a member to purchase additional products to sell.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 15, 2010
Listed
Jul 8, 2010
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2011