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Aida's Group
In this Group: Aida , Gloria, Rufina
Aida is 40 years old, married and has three children. She lives in Southwestern Poblacion, Calamba where she earns a living by selling vegetables and spices. She has been in this business for almost six years and earns an income of PHP 3,600 a month. Aida is requesting a new loan for PHP 12,000 to buy more items to sell to her customers. She has been a member of Paglaum MPC since 2004 and also leads a three-person loan group.

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
  • 874
    View loans »
    Philippines Loans Fundraising
  • $54,410,800
    Funds lent in using Kiva
  • 41.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A portion of Aida's Group's $450 loan helped a member to buy 10 boxes of assorted vegetables and spices to sell.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 22, 2013
Listed
May 24, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014