Check out some available loans that are similar to this one!
Olympia's Group
In this Group: Olympia, Luzvilla
Olympia is 60 years old and lives in Rizalina, Rizal Zamboanga Del Norte. She is married, with no children.

Olympia is engaged in a buy-and-sell copra and charcoal business and earns approximately PHP 6,000 each month doing this type of work. She has requested a loan to be used to purchase construction materials needed for house repair.

Olympia has been a member of Paglaum Multi-Purpose Cooperative (PMPC) for almost seven years. In the future, Olympia hopes to expand her business.

Olympia is the leader of a two-person group (Olympia's 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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Philippines

  • $1175
    Average annual income
  • 980
    View loans »
    Philippines Loans Fundraising
  • $54,528,050
    Funds lent in using Kiva
  • 41.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A portion of Olympia's Group's $1,475 loan helped a member to purchase construction materials needed for house repair.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 26, 2013
Listed
Apr 22, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2015