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Elisa's Group
In this Group: Elisa, Elegio
Elisa is 65 years old and lives in Villalin, Panaon, Misamis Occidental. She is married and has 2 children.

Elisa has a business buying and reselling nuts, and earns approximately 5,000 Philippine Pesos (PHP) each month. She has requested a loan to purchase additional nuts for her business.

Elisa joined PMPC just this year. In the future, Elisa hopes to expand her business. Elisa is the leader of a 2 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

  • $1175
    Average annual income
  • 268
    View loans »
    Philippines Loans Fundraising
  • $53,163,375
    Funds lent in using Kiva
  • 40.8
    Philippines Pesos (PHP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Elisa's Group's $425 loan helped a member to be used in purchasing additional nuts for her retail business.
99% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 26, 2013
Listed
Mar 6, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014