Total loan: $500

Marilyn Tayco Group

Tudela-Bliss Cabol-anonan , Northern Mindanao, Philippines / Retail

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A loan helped to purchase additional products to sell.

Marilyn Tayco Group's story

Marilyn T. is from the village of Bliss, Cabol-anonan Tudela. She is 33 years old and married with two school-aged children. Marilyn is the group leader of a two-member group loan offered by PMPC. While each member of the group receives an individual loan, they are all collectively responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. The official name of this borrowing group is Marilyn T. Group. To make a living, Marilyn runs a store selling both food and daily use products. She has had this business for over six years and earns approximately 1,700 PHP a month. In 2007, Marilyn joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. She has successfully repaid a previous loan of 5000 PHP from PMPC. This previous loan was used to to purchase additional products to sell. Marilyn is requesting a new loan of 7000 PHP which will also be used to purchase additional products to sell. This loan will be the third loan taken out by Marilyn from PMPC. She plans to use the additional revenue generated from the business to improve and expand her business. About PMPC: Paglaum Multi-Purpose Cooperative (PMPC is one of the most progressive cooperatives in northwestern Mindanao. It reaches out to the rural poor using the Grameen model. *Note: To maximize efficiency and reduce costs, this loan was posted using a template to automate the translation by Kiva. Given that manual translation of entrepreneur profiles is costly, Kiva created this template for our Field Partner to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.