Check out some available loans that are similar to this one!
Gina Carba Group
In this Group: Gina, Ester, Editha
Gina C. is from Malaubang, Ozamiz City. She is 38 years old, married, and has three school-aged children. Gina is the group leader of a three-member group loan offered by PMPC. While each member receives an individual loan, they are all responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. The official name of this borrowing group is Gina C.’s Group.

To make a living, she owns and operates a guso production business (propagation of seaweed) and a sari-sari store, from which she sells to her neighbors and friends. She has been engaged in this business for ten years and earns approximately $75 a month.

In 2011, Gina joined PMPC to gain access to financial services to improve her living situation and her ability to engage in business activities. She is requesting a loan of 5,000 PHP which will be used as additional capital for her guso production business. This will be her 1st loan from PMPC. She plans to use the additional revenue generated from the business to improve the living standards of her family.

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

  • $7,000
    Average annual income
  • 1459
    View loans »
    Philippines Loans Fundraising
  • $59,362,100
    Funds lent in using Kiva
  • 43.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A portion of Gina Carba Group's $275 loan helped a member additional capital for guso production.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 29, 2011
Listed
Feb 19, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2011