A loan of $450 helped a member to invest in expanding the business.

Pedrita's Group's story

Pedrita P. is from the village of Dela Paz, Panaon. She is 59 years old. Pedrita 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.

Pedrita is widowed and has two adult children. To make a living, Pedrita owns & operates a business venture raising pigs for sale. Pedrit has been engaged in her business for over five years and earns approximately 4,000 PHP a month for these activities.

In 2000, Pedrita joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Pedrit has successfully repaid a previous loan of 14,900 PHP from PMPC. This previous loan was used to invest in expanding the business. Pedrita is requesting a new loan of 14,900 PHP that will be used to invest in expanding the business. This loan will be the 11th loan taken out by Pedrita from PMPC. She plans to use the additional revenue generated from the business to supplement the family's income.

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: Pedrita, Nela

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