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Evangeline Solis Group
In this Group: Evangeline, Avelina, Jean
Evangeline is married with one child. Evangeline is 49 years old and lives in Tudela, Misamis Occidental.

Evangeline sells rice to earn a living, and has had this business for two years. Each month, she earns 3,000 Philippines pesos (PHP) doing this type of work. She has requested a loan for 5,000 PHP to purchase additional rice to sell.

Evangeline has been a member of PMPC for seven years. In the future, Evangeline hope to expand the business.

Evangeline is the leader of a three-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

  • $7,000
    Average annual income
  • 1321
    View loans »
    Philippines Loans Fundraising
  • $57,936,400
    Funds lent in using Kiva
  • 43.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A portion of Evangeline Solis Group's $475 loan helped a member to purchase additional rice to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 29, 2011
Listed
Oct 25, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2012