A loan of $625 helped a member to purchase livestock feed & other supplies.

Marcilina Banchua Group's story

Marcilina U B. is from the village of Masabod, Clarin, Misamis Occidental. She is 37 years old. Marcilina U is the group leader of a 5-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.

Marcilina U is married and has 4 school-aged children. To make a living, Marcilina U owns & operates a business raising pigs for sale. Marcilina U has been engaged in her business for over 12 years and earns approximately 3,200 PHP a month for these activities.

In 2008, Marcilina U joined PMPC to gain access to financial services to help improve her living situation and to have the ability to engage in business activities. Marcilina U has successfully repaid a previous loan of 6,000 PHP from PMPC. This previous loan was used to purchase baby livestock to raise & sell in future. Marcilina U is requesting a new loan of 8000 PHP which will be used to purchase livestock feed & other supplies. This will be the 5th loan taken out by Marcilina U from PMPC. She plans to use the additional revenue generated from the business to financially support 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: Marcilina U, Beverly, Ansilma, Marina, Cerilyn

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