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Emerita Tompong Group
In this Group: Emerita, Marilyn, Nilda, Velinda
Emerita T.'s main source of income comes from raising pigs for sale. She is 41 years old, married and has five school-aged children. They are from the town of Pan-ay Daku, Clarin, Misamis Occidental. Emerita has been in her business for over five years and earns approximately 5,000 Philippine pesos (PHP) a month.

In 2005, Emerita joined PMPC to gain access to financial services to help improve her living conditions and enable her to engage in business activities. Emerita has successfully repaid a previous loan of 14,900 PHP from PMPC which was used to to build shelter for her livestock. Emerita is requesting a new loan of 30,000 PHP which will be used to purchase breeding livestock. This will be her 11th loan from PMPC. She plans to use the additional revenue generated from the business to pay the tuition fees of her children.

Emerita is the leader of a four member group accessing a loan offered by PMPC. While each member of the group receives an individual loan, they are collectively responsible for paying back the loans of their fellow group members if someone is delinquent or defaults.

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
  • 306
    View loans »
    Philippines Loans Fundraising
  • $52,207,900
    Funds lent in using Kiva
  • 44.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A portion of Emerita Tompong Group's $1,525 loan helped a member to purchase breeding livestock.
100% repaid
Repayment Term
31 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 17, 2010
Listed
Sep 12, 2010
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013