A loan of $450 helped a member to purchase fish.

Marifel Jangolan Group's story

Marifel J. is from the village of Pan-ay Diot, Tudela, Misamis Occidental. She is 21 years-old and the group leader of a four member group loan offered by Kiva partner 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.

Marifel is married and has one infant child. Marifel owns and operates a business selling ocean-caught fish in the local community. Marifel has been engaged in her business for over three years and earns approximately 3,000 PHP a month.

In 2010, Marifel joined Kiva partner PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Marifel is requesting a first loan of 5,000 PHP which will be used to purchase additional fish to sell. She plans to use the additional revenue generated to improve and expand her business.

About PMPC:

Paglaum Multi-Purpose Cooperative (PMPC) is one of the most progressive cooperatives in north-western 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: Marifel, Cherry Mae, Mely, Genoveva

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