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Milagros Group
In this Group: Milagros, Sonia
Milagros is widowed with two children. Milagros is 55 years old and lives in Marapong, Sibutad.

Milagros sells rice to earn a living and has had this business for eight years. She has requested a loan for PHP 12,000 to purchase eight sacks of rice to sell.

Milagros has been a member of PMPC for 1 1/2 years. Milagros is the leader of a two-person group. Although they borrow as a group, each member of the group has their 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
  • 1153
    View loans »
    Philippines Loans Fundraising
  • $54,862,550
    Funds lent in using Kiva
  • 42.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A portion of Milagros Group's $525 loan helped a member to purchase eight sacks of rice to sell.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 26, 2011
Listed
Sep 3, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2012