A loan of $625 helped a member to purchase additional products to sell.


Julieta Cotingjo Group's story

Julieta C. is from the village of Colupan Alto,Sinacaban,Misamis Occidental. She is 61 years old. Julieta 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.

Julieta is married and has 6 adult children. To make a living, Julieta owns & operates a general store selling a variety of different food products in the local community. Julieta has been engaged in her business for over 5 years and earns approximately 5,000 PHP a month for these activities.

In 2009, Julieta joined PMPC to gain access to financial services to help improve her living situation and to have the ability to engage in business activities. Julieta has successfully repaid a previous loan of 8,000 PHP from PMPC. This previous loan was used to purchase additional inventory & working capital. Julieta is requesting a new loan of 12000 PHP which will be used to purchase additional products to sell. This will be the 3rd loan taken out by Julieta from PMPC. She plans to use the additional revenue generated from the business to financially support immediate members of the borrower's 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: Julieta, Ester, Vitaliana
*not pictured



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