A loan of $575 helped a member to purchase additional inventory and as working capital.


Beneficta Dangcalan Group's story

Beneficta D. is from the village of Naga, Jimenez, Misamis Occidental. She is 45 years old. Beneficta is the group leader of a 2-member group loan offered by PMPC. While each member of the group receives an individual loan, they are both collectively responsible for paying back the loan of their fellow group member if she is delinquent or defaults.

Beneficta is married and has 2 children. To make a living, Beneficta owns & operates a food stall. The main source of income for the business comes from selling snacks & other delicacies in the local community. Beneficta has been engaged in her business for over 2 years and earns approximately 1200 PHP a month for these activities.

In 2009, Beneficta joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Beneficta has successfully repaid a previous loan of 9,500 PHP from PMPC. This previous loan was used to to purchase additional products to sell. Beneficta is requesting a new loan of 14,900 PHP which will be used to purchase additional inventory and as working capital. This will be the 3rd loan taken out by Beneficta from PMPC. She plans to use the additional revenue generated from the business to improve/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: Beneficta, Maricel



Loan details


Lenders and lending teams



Loan details