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Sherly's Group
In this Group: Sherly, Teresita
Sherly is 50 years old. She is married and has 4 children. She lives in South Mapang, Rizal in the Philippines. To make a living, Sherly does home service manicure/pedicure. She has been in this business for 3 years earning a monthly income of 3200. Sherly is requesting a loan to be used to purchase piglets and feeds as her new business venture.

Sherly is a member of Paglaum MPC for almost 4 years, and is a leader of the 2-member group, although they have separated responsibility.

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
  • 239
    View loans »
    Philippines Loans Fundraising
  • $50,669,475
    Funds lent in using Kiva
  • 42.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A portion of Sherly's Group's $725 loan helped a member to purchase 3 piglets and 2 sacks of feeds.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 31, 2013
Listed
Jun 10, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014