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Pacita's Group
In this Group: Pacita, Cherilyn
Pacita is 66 years old. She is married and blessed with four children. She lives in Sepac, Sapang Dalaga. Pacita is a businesswoman who has a shop that sells groceries in their community. She has had this business for one and a half year with a monthly income of 3000 PHP.

Pacita is requesting a loan of 7000 PHP to purchase 10 boxes of groceries to sell. Pacita is the leader of a 2-member group, although they have separate responsibilities.

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
  • 1463
    View loans »
    Philippines Loans Fundraising
  • $59,320,525
    Funds lent in using Kiva
  • 42.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A portion of Pacita's Group's $525 loan helped a member to purchase 10 boxes of assorted groceries to sell.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 30, 2013
Listed
Jun 9, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014