A loan of $975 helped a member to purchase additional products to sell.


Gloria Jaso Group's story

Gloria J. is from the village of Macabayao, Jimenez, Misamis Occidental. She is the leader of a five-member group loan offered by Kiva partner, PMPC. While each member of the group receives an individual loan, they are collectively responsible for paying back the loans of their fellow group members if someone is delinquent or defaults.

Gloria is 53 years old, married, and has two adult-aged children. To make a living, she owns and operates a general store. The main source of income for the business comes from selling different dried goods products in the community. Gloria has been engaged in her business for over 14 years and earns approximately 3,400 PHP per month from these activities.

In 2008, Gloria joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. She has successfully repaid a previous loan of 9,000 PHP from PMPC. This loan was used to purchase additional inventory and as working capital. Gloria is requesting a new loan of 14,000 PHP, which will be used to purchase additional products to sell. This loan will be her fourth from PMPC. She plans to use the additional revenue generated from the business to improve and 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: Gloria, Crispina, Marion, Rosenda, Merlyn



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