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Fely's Group
In this Group: Fely, Lydia
Fely is 49 years old. She is married to a fisherman and is blessed with six children. She lives in Sapang Ama, Sapang Dalaga.

Fely is engaged in "nipa" weaving as a her source of income. She is able to gain a monthly income of 2,500 PHP through this business.

Fely is requesting a new loan to be used to pay for her child's school tuition fees. She has been a CUMI member of Paglaum MPC for 7 years.

Fely is a leader of a two 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

  • $1175
    Average annual income
  • 866
    View loans »
    Philippines Loans Fundraising
  • $54,407,775
    Funds lent in using Kiva
  • 42.1
    Philippines Pesos (PHP) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Fely's Group's $1,075 loan helped a member to pay for her child's school tuition fees.
65% repaid
Repayment Term
37 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 31, 2013
Listed
Jun 9, 2013
Currency Exchange Loss:
Possible