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Rosario's Group
In this Group: Rosario, Reina
Rosario is 50 years old and lives in Corrales, Jimenez, Misamis Occidental. She is married with two children.

Rosario has a store and sells groceries and other consumable products and earns approximately 3,000 PHP (Philippines pesos) each month doing this type of work. She has requested a loan to be used in purchasing consumable products.

Rosario has been a member of PMPC for almost four years. In the future, Rosario hopes to expand her business. Rosario is the leader of a two-person group. Although they borrow as a group, each member of the group has her 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
  • 1503
    View loans »
    Philippines Loans Fundraising
  • $56,687,475
    Funds lent in using Kiva
  • 40.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A portion of Rosario's Group's $575 loan helped a member to be used to purchase consumable products for the store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 22, 2013
Listed
Feb 16, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013