Funded

Total loan: $775
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Gemma Tangcalagan Group


A loan of $775 helped a member to purchase additional inventory & working capital.


Gemma Tangcalagan Group's story

Gemma T. is from the village of Unidos, Plaridel, Misamis Occidental. She is 37 years old. Gemma 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 Gemma T..

Gemma is married and has 3 school-aged children. To make a living, Gemma owns & operates a business venture in the food sector making & selling food. While not the only means for generating revenue, the main source of income for the business comes primarily from selling snacks & other delicacies in the local community. Gemma has been engaged in her business for over 10 years and earns approximately 2500 PHP a month from these activities.

In 2003, Gemma joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Gemma has successfully repaid a previous loan of 10,000 PHP from PMPC. This previous loan was used to to purchase raw ingredients needed to make products for sale. Gemma is requesting a new loan of 10000 PHP which will be used to purchase additional inventory & working capital. This loan will be the 14th loan taken out by Gemma from PMPC. She plans to use the additional revenue generated from the business to pay the tuition fees of her children.

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: Gemma, Elena, Anife
*not pictured



Loan details

Loan length:

12 months
Disbursed date: March 12, 2010
Facilitated by Field Partner: Paglaum Multi-Purpose Cooperative (PMPC)

Lenders and lending teams



Loan details

Loan length:

12 months
Disbursed date: March 12, 2010
Facilitated by Field Partner: Paglaum Multi-Purpose Cooperative (PMPC)