Check out some available loans that are similar to this one!
Dagodog Group
In this Group: Evelyn, Harenerosa, Mary Jane, Flordeliza, Estrella
Evelyn D. lives in the village of Patunan. She is 58 years old and leads a five-member loan group called D.. While each member of this group receives an individual loan, they are all responsible for paying back the loans of their fellow group members if someone is delinquent or defaults.

Evelyn is married and has seven grown children. She makes a living by running a store where people buy items they use daily such as shampoo, soap and toothpaste. She has run her store for more than a decade and earns about 3,000 PHP a month.

Earlier this year, Evelyn joined PMPC to gain access to financial services to help improve her life and ability to engage in business. She has successfully repaid a loan of 3,000 PHP from PMPC and is applying for a new one, for 6,000 PHP, to secure additional capital to run her business. She plans to use the additional income made possible by this loan to improve her family's living conditions.

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 it 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
  • 956
    View loans »
    Philippines Loans Fundraising
  • $53,431,325
    Funds lent in using Kiva
  • 45.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A portion of Dagodog Group's $600 loan helped a member to help expand several small businesses.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 3, 2010
Listed
Aug 2, 2010
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2011