A loan of $650 helped a member as additional capital for her existing businesses.


Helen Angcap's Group's story

Mrs. Helen A., 40 years of age, is a widow who resides in Bintana, Tangub City. Helen is the group leader of a five-member group loan offered by PMPC. While each of the group members 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. The official name of this borrowing group is Helen A.’s Group.

Helen was blessed with two children who are now school age. For her living, she decided to engage in operating a sari-sari store and a banana buy and sell business. For four years, she has been able to maintain the businesses during ups and downs. Now she earns an average net income of not less than P 3,500 a month, which is very helpful to her family. She joined the cooperative in 2009. As an active center chief and member of the PDP-LP Program of PAGLAUM MPC, a micro-finance program that reaches out to the rural poor, she is requesting an amount of P5,000 as her second loan t to add capital to her existing sari-sari store and banana buy and sell business. The future income from this loan will be used to improve the living conditions of her family, to meet their basic needs and save for future use. She is hoping that someday her business will become more progressive.

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: Helen , Evelyn, Preciosisima, Marivic, Ma. Nancy



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