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Daniela's Cruz Group
In this Group: Daniela, Bernadith
Daniela, is married with two children, She is 45 years old and lives in Bañadero, Ozamis City, Misamis Occidental. Daniela has a motorcycle transport business and earns approximately Php 3,500 each month. A member of PMPC for 3 years, she is requesting a loan to purchase equipment for motorcycle maintenance.

Daniela is the leader of a two-person loan group. Although they borrow as a group, each member of the group has her own business.

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
  • 379
    View loans »
    Philippines Loans Fundraising
  • $52,107,000
    Funds lent in using Kiva
  • 43.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A portion of Daniela's Cruz Group's $400 loan helped a member to purchase equipment for motorcycle maintenance.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 15, 2011
Listed
Jun 20, 2011
Currency Exchange Loss:
Possible
Ended:
May 15, 2012