A loan of $975 helped a member to purchase livestock feed and other supplies.

Lolita Mutia Group's story

Lolita M. is from the village of Mangidkid. She is 55 years old. Lolita is the group leader for a three-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 four grown children. To make a living, Lolita owns and operates a business venture in the agriculture sector raising livestock. The main source of income for the business comes from raising pigs for sale. Lolita has been engaged in her business for over 8 years, and she earns approximately 3,000 PHP a month for these activities.

In 2001, 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 20,000 PHP from PMPC. This previous loan was used to purchase baby livestock to raise and sell. Lolita is requesting a new loan of 20,000 PHP, which will be used to purchase livestock feed and other supplies. This loan will be the 18th loan taken out by Lolita 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: Lolita, Glory, Florenda

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