A loan of $225 helped a member additional capital for her sari-sari store.

Amormia Ancero's Group's story

Mrs. Amormia A., a 35-year-old single mother of an infant, is a resident of P2 Bañadero, Ozamiz City, Misamis Occidental and the leader of a two-member group loan offered by PMPC. While both members receive an individual loan, each is responsible for paying back the loans of her fellow group member if delinquency or default occurs. The official name of this borrowing group is Amormia A.’s Group.

Amormia has been operating a sari-sari store for a year already, earning an average net income of not less than Php2,000.00 a month. As an active member since 2009 of the PDP-LP Program of PAGLAUM MPC, a micro-finance program that reaches out to the rural poor, she is requesting a new loan, her second, of Php6,000.00 to be used as additional capital for her store. The future income derived from this loan will be used to improve the living conditions for her family, make loan repayments to PMPC, pay for her child’s education, and finance future business expansion.

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 Partners to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.

In this group: Amormia, Arlyn Jane

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Loan details