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Alona's Group
In this Group: Alona , Recy
Alona is forty-five years old and lives in San Roque, Panaon, Misamis Occidental. She is married with eight children.

To earn a living, Alona has a business selling snacks. She earns about PHP 3,000 each month doing this type of work. Alona has requested a loan of PHP 9,000 to purchase additional ingredients and raw materials for her snack-vending business.

Alona has been a member of PMPC for seven years. In the future, Alona would like to introduce her products to another location. Alona 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
  • 388
    View loans »
    Philippines Loans Fundraising
  • $50,847,100
    Funds lent in using Kiva
  • 42.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A portion of Alona's Group's $400 loan helped a member to purchase raw materials and ingredients for her snacks business.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 17, 2012
Listed
Feb 27, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012