A loan of $600 helped a member to purchase additional tools and equipment to improve the business.

Rosabella Caracol Group's story

Rosabella S C. is from the village of Taguima, Tudela, Misamis Occidental. She is 52 years old. Rosabella S is the group leader of a 3-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 Rosabella C. Group.

Rosabella S is married and has 4 school-aged children. Rosabella S owns & operates a business providing hairdressing & beauty services to local community members. Rosabella S has been engaged in her business for over 30 years and earns approximately 4,000 PHP a month for these activities.

In 2009, Rosabella S joined PMPC to gain access to financial services to help improve her living situation and her ability to engage in business activities. Rosabella S has successfully repaid a previous loan of 5,000 PHP from PMPC. This previous loan was used to purchase materials needed for her business. Rosabella S is requesting a new loan of 9,000 PHP which will be used to purchase additional tools and equipment to improve the business. This loan will be the 2nd loan taken out by Rosabella S 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.

In this group: Rosabella S, Lolita, Alice

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