A loan of $325 helped a member to purchase raw ingredients needed to make her baked goods.


Luciana's Group's story

Luciana M. is from the village of Tubod. She is the leader of a two-member group at PMPC. While each of them will receive an individual loan, they will be collectively responsible for paying back the loan if the other member is delinquent or defaults.



Luciana is 50 years old and married. To make a living, she owns and operates a business making and selling baked goods in the local community. She's been engaged in her business for over eight years and earns approximately 8,000 PHP a month.



In 2001, Luciana joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. She successfully repaid a previous loan of 14,900 PHP from PMPC and is now requesting a loan of 10000 PHP (her portion of this group loan) to purchase the raw ingredients needed to make her products. This will be her tenth loan from PMPC and she plans to use the additional revenue generated from the business to improve and expand her business.

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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: Luciana, Vicenta



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