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Jarlene Acupe's Group
In this Group: Jarlene , Pablia
Jarlene A. is from the village of Dimaluna, Ozamiz City, Misamis Occidental. She is 30 years old. Jarlene is married and has two school-aged children. Jarlene is the group leader of a two-member group loan offered by PMPC. While each member receives an individual loan, they are each responsible for paying back the loan of their fellow group member if she is delinquent or defaults. The official name of this borrowing group is "Jarlene A.’s Group".

To make a living, Jarlene owns and operates a hog raising business. She has been engaged in this business for two years and earns approximately 4,000 PHP a month.

In 2009, Jarlene joined PMPC to gain access to financial services to help improve her living situation by engaging in business activities. She has successfully repaid a previous loan of 14,900 PHP from PMPC. Jarlene is requesting a loan of 14,900 PHP which will be used to purchase livestock feed and other supplies. This will be her 4th loan from PMPC. She plans to use the additional revenue generated to improve her business.


*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.


About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults.

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
  • 1664
    View loans »
    Philippines Loans Fundraising
  • $59,006,400
    Funds lent in using Kiva
  • 43.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A portion of Jarlene Acupe's Group's $575 loan helped a member to purchase livestock feed and other supplies.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 10, 2011
Listed
Mar 17, 2011
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2012