A loan of $1,250 helped a member to invest in expanding her coconut selling business.

Luneta Fernandez Group's story

Luneta F. is from the village of Matugas Bajo, Jimenez. She is 40 years old. Luneta is the group leader of a five-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.

Luneta is married and has a grown child. To make a living, Luneta plants and harvests coconut for sale. Luneta is just starting this business.

In 2009, Luneta joined PMPC to gain access to financial services. She wished to help improve her living situation and increase her ability to engage in business activities. Luneta has successfully repaid a previous loan from PMPC. Luneta is requesting a new loan of 14,900 PHP, which will be used to invest in expanding the business. This loan will be the thirrd loan taken out by Luneta from PMPC. She plans to use the additional revenue generated from the business to improve the general living conditions 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: Luneta, Elizabeth M, Ofelia, Jophy, Liliosa

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