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Amormia Ancero's Group
In this Group: Amormia, Arlyn Jane
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.

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

  • $7,000
    Average annual income
  • 818
    View loans »
    Philippines Loans Fundraising
  • $63,360,225
    Funds lent in using Kiva
  • 46.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A portion of Amormia Ancero's Group's $225 loan helped a member additional capital for her sari-sari store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jun 17, 2010
Jul 9, 2010
Currency Exchange Loss:
Jan 15, 2011