A loan of $925 helped a member to obtain additional capital to buy products to sell.

Melania's Group's story

Melania D. is from the village of Calatunan. She is 52 years old. Melania 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.

Melania is married. To make a living, Melania owns and operates a sari-sari store (general store). While not the only means for generating revenue, the main source of income for the business comes primarily from selling a variety of different products in the local community. Melania has been engaged in her business for over 12 years and earns approximately 7,000 PHP a month for these activities. In 2007, Melania joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Melania has successfully repaid a previous loan from PMPC. Melania is requesting a new loan of 43,000 PHP which will be used to purchase additional inventory and working capital. This loan will be the 7th loan taken out by Melania from PMPC. She plans to use the additional revenue generated from the business to improve the general living conditions of the borrower's 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: Melania, Carmelita, Juanita, Myrna

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Loan details