A loan of $225 helped a member to purchase fertilizers such as manure.

Lolita Villamino Group's story

Lolita V. is from the village of Col. Settlement. Tudela Mis. Occ. She is 49 years old. Lolita is the group leader of a 2-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.

Lolita is married and has 2 school-aged children. To make a living, Lolita owns and operates a business venture in the agriculture sector raising crops. While not the only means for generating revenue, the main source of income for the business comes primarily from planting and harvesting corn for sale. Lolita has been engaged in her business for over 32 years and earns approximately 3,600 PHP a month for these activities.

In 2009, Lolita joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Lolita has successfully repaid a previous loan of 4,000 PHP from PMPC. This previous loan was used to to purchase fertilizers such as manure. Lolita is requesting a new loan of 10,000 PHP which will be used to purchase fertilizers such as manure. This loan will be the 3rd loan taken out by Lolita from PMPC. She plans to use the additional revenue generated from the business to improve/expand her business.

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: Lolita, Paterna

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