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Nelia's Group
In this Group: Nelia, Razel, Elsie
Nelia is 53 years old and lives in Matugas Bajo, Jimenez, Misamis Occidental. She is married and has 2 children. Nelia has a general store that sells groceries and other consumable products. She has had this business for 7 years.

She requested a loan of 25,000 PHP to purchase more stock for her general store. She has been a member of PMPC for 4 years. In the future, Nelia hopes to expand her business. Nelia is the leader of a 3 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
  • 1467
    View loans »
    Philippines Loans Fundraising
  • $59,394,700
    Funds lent in using Kiva
  • 43.1
    Philippines Pesos (PHP) = $1 USD
Expired
A portion of Nelia's Group's $1,350 loan helped a member to purchase more stock for her general store.
Repayment Term
19 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 9, 2012
Listed
Jun 8, 2012
Currency Exchange Loss:
Possible
Expired:
Jul 8, 2012