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Teresita Group
In this Group: Teresita, Editha, Helen
Teresita is 46 years old and lives in Poblacion 4, Clarin. She is married with two children. Teresita has a store that sells a variety of products. She has had this business for four years. Teresita requested a loan of 10,000 Philippine pesos to purchase additional products such as canned goods, noodles, beverages, detergents, etc.

Teresita has been a member of PMPC for one year. In the future, Teresita hopes to expand her business.

Teresita is the leader of this 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
  • 1596
    View loans »
    Philippines Loans Fundraising
  • $60,713,650
    Funds lent in using Kiva
  • 43.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A portion of Teresita Group's $600 loan helped a member to purchase additional products such as canned goods, noodles, beverages, detergents, etc.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Mar 9, 2012
Mar 25, 2012
Currency Exchange Loss:
Oct 15, 2012