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Annabel's Group
In this Group: Annabel, Julieta
Annabel is the leader of a two-person group. Although they borrow as a group, each member has her own business.

Annabel is married and has two school-aged children and two adult children. Annabel is 42 years old.

For almost five months, Annabel has been a dried fish vendor. Annabel earns approximately 5,000 PHP every month.

She requested a loan of 12,000 PHP to purchase more dried fish for her business. Annabel has been a member of PMPC for one year. Annabel hopes to earn more than 15,000 PHP in the future and to be successful in her chosen 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
  • 1563
    View loans »
    Philippines Loans Fundraising
  • $56,630,475
    Funds lent in using Kiva
  • 41.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A portion of Annabel's Group's $600 loan helped a member to purchased dried fish for vending.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 31, 2012
Listed
Sep 30, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013