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Elvie's Group
In this Group: Elvie, Vitellana, Isabel
Elvie is 43 years old and lives in Poblacion, Sibutad ZDN. She is married with four children. Elvie is engaged in the fish industry. She has been selling fish for eight years. She has requested a loan to pay for business permits and licenses. Elvie has been a member of PMPC for almost four years.
Elvie is the leader of a three-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

  • $7,000
    Average annual income
  • 1465
    View loans »
    Philippines Loans Fundraising
  • $59,320,525
    Funds lent in using Kiva
  • 41.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A portion of Elvie's Group's $875 loan helped a member to pay for business permits and other licenses.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 8, 2013
Listed
Apr 15, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014