Check out some available loans that are similar to this one!
Salustiana's Group
In this Group: Salustiana, Michille, Jilly, Mercedita
Mrs. Salustiana lives in the village of DCM, Mahayag Zamboanga del sur. She is 60 years old, married and in good health. She is the group leader of the four-member group loan offered by PMPC. The members help each other when one of them has difficulty with payments and have been good members of PMPC since the beginning. Salustiana has had a sari-sari (variety) store for six years to support her family's daily needs. She has gained a lot since she became a PMPC member and can access financial services. Salustiana is requesting a new loan of 10,000 PHP to buy chemicals for farming. It is her third loan.

About PMPC: PAGLAUM MULTIPURPOSE COOPERATIVE is a progressive cooperative in Northwestern Mindanao and reaches out to rural communities

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
  • 274
    View loans »
    Philippines Loans Fundraising
  • $53,061,525
    Funds lent in using Kiva
  • 44.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A portion of Salustiana's Group's $575 loan helped a member farming.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 21, 2011
Listed
Jan 24, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2011