Check out some available loans that are similar to this one!
Mario's Group
In this Group: Mario, Rey
Mario is 61 years old and lives in Butuay, Jimenez, Misamis Occidental. He is widowed with 3 children.

Mario has an eatery business and earns approximately 3,500 PHP each month doing this type of work. He has requested a loan to purchase meat, ingredients and other goods for his mini-eatery.

Mario has been a member of PMPC almost 2 years. In the future, Mario hopes to engage in other types of business. Mario is the leader of a 2-person group. Although they borrow as a group, each member of the group has his 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
  • 2103
    View loans »
    Philippines Loans Fundraising
  • $61,204,950
    Funds lent in using Kiva
  • 40.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A portion of Mario's Group's $475 loan helped a member to purchase meat, ingredients and other goods for his eatery.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jan 22, 2013
Feb 17, 2013
Currency Exchange Loss:
Aug 17, 2013