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Quibranza Group
In this Group: Nellie, Marybeth, Rosalinda, Nora
Nellie is from the village of Libertad Bajo, Sinacaban Misamis Occidental. She is 57 years old and is the group leader of this four-member group loan offered by PMPC. While each member of the group receives an individual loan, they are all collectively responsible for paying back the loan of their fellow group members if they are delinquent or default.

Nellie is married and has seven adult children. She owns and operates a general store, selling food products in the local community. She has been engaged in her business for over 12 years and earns approximately 12,000 Philippines pesos (PHP) a month.

In 2006, Nellie joined PMPC to gain access to financial services to help improve her living situation and her ability to engage in business activities. She has successfully repaid a previous loan of 14,900 PHP from PMPC. This previous loan was used to purchase additional inventory and was used as working capital.

Nellie is requesting a new loan of 14,900 PHP, which will be used to purchase new items to expand her product offering. This loan will be her ninth from PMPC. She plans to use the additional revenue generated from the business to improve and expand her business.

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
  • 398
    View loans »
    Philippines Loans Fundraising
  • $52,107,225
    Funds lent in using Kiva
  • 43.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A portion of Quibranza Group's $1,150 loan helped a member to purchase products to sell at her general store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 25, 2011
Listed
Mar 26, 2011
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2012