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Elsie's Group
In this Group: Elsie, Lerma
Elsie is 40 years old, married, and has two children. She lives in Matugas Bajo, Jimenez, Misamis Occidental. Elsie is has a snack and food selling business. She earns approximately 1,500 PHP each month.

Elisie is requesting a loan from PMPC, which she will use to redeem her pawned parcel cocoland. In the future, she hopes to expand her business.

Elsie is the leader of a two-person group. Each member of the group has her 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
  • 2065
    View loans »
    Philippines Loans Fundraising
  • $61,219,850
    Funds lent in using Kiva
  • 42.4
    Philippines Pesos (PHP) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A portion of Elsie's Group's $850 loan helped a member to be used in redeeming their pawned parcel cocoland.
80% repaid
Repayment Term
36 months (Additional Information)
Repayment Schedule
May 1, 2013
May 31, 2013
Currency Exchange Loss: