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Lourgen Magsayo's Group
In this Group: Lourgen, Melita, Apolinaria, Pablia
Lourgen M., 30 years old, is from the village of Dimaluna, Ozamis City Misamis Occidental. She is the group leader of a 4-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.

Lourgen is married and has 2 school-aged children. To make a living, Lourgen runs a general store where she sells a variety of different products in the local community. She has just started this business.

In June 2009, Lourgen joined PMPC to improve her living situation and ability to engage in business activities. She successfully repaid a previous loan of 10,000 PHP from PMPC. Lourgen is requesting her third loan, for 14,995 PHP, which she will use to purchase additional products to sell. She plans to use the additional revenue to improve her family’s general living conditions.

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.


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 Partners to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.

Additional Information

About Paglaum Multi-Purpose Cooperative

Paglaum Multi-Purpose Cooperative (PMPC) was founded in 1992 by the beneficiaries, parents and staff of the Paglaum Community Development Foundation to address economic and livelihood activities for sustainability. The organization operates in the northwestern provinces of Mindanao and Visayas.

In the local vernacular, “paglaum” means “hope.” The initial foundation is dedicated to child development through a holistic approach. The goal is to build self-reliance and expand opportunity so the poorest of the poor can help themselves.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Philippines

  • $7,000
    Average annual income
  • 413
    View loans »
    Philippines Loans Fundraising
  • $70,831,400
    Funds lent in using Kiva
  • 44.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A portion of Lourgen Magsayo's Group's $1,250 loan helped a member to buy additional products to sell.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Apr 22, 2010
May 6, 2010
Currency Exchange Loss:
Feb 15, 2011