A loan of $225 helped a member to purchase additional products to sell.

Estela Toliao's Group's story

Estela T. is from the village of Lobogon. She is 33 years old. Estela 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.

Estela is married and has two school-aged children. To make a living, Estela owns and operates a fish vending business, selling fish in the local community. Estela has been in business for over two years and earns approximately 5,000 PHP a month.

In 2005, Estela joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Estela has successfully repaid a previous loan from PMPC. Estela is requesting a new loan of 5,000 PHP, which will be used to purchase additional products to sell. This loan will be the third loan taken out by Estela from PMPC. She plans to use the additional revenue generated from the business to improve and expand the 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.

In this group: Estela, Flora

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