A loan of $375 helped a member house Renovation.

Jelyn's Group's story

Jelyn M. is from the village of Minlasag, Sibutad, Zamboanga Del Norte. She is 36 years old. Jelyn 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 default.

Jelyn is married and has 4 infant-aged children. To make a living, Jelyn owns and operates a business venture in the agriculture sector, particularly in hog raising. While not the only means for generating revenue, the main source of income for the business comes primarily from selling pigs. Jelyn has been engaged in her business for over 5 years and earns approximately 2,000 PHP a month for these activities.

In 2007, Jelyn joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Jelyn has successfully repaid a previous loan of 9,000 PHP from PMPC. This previous loan was used as additional capital for the business. Jelyn is requesting a new loan of 16,500 PHP which will be used for house renovation. This loan will be the 4th loan taken out by Jelyn from PMPC. She plans to use the additional revenue generated from the business to financially support the immediate members of her family.

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: Jelyn, Evelyn, Estrella
*not pictured

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Loan details