A loan of $650 helped a member to use for house repair.


Isabel's Group's story

Isabel A. is from the village of Poblacion. She is 50 years old and is the group leader of this 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. Isabel is married and has two school-aged children. She owns and operates a business selling fresh ocean-caught fish in the local community. She has been engaged in her business for over five years and earns approximately 3,000 PHP a month. In 2009, Isabel joined PMPC to gain access to financial services to help improve her living situation and her ability to engage in business activities. She has successfully repaid a previous loan of 3,000 PHP from PMPC. This previous loan was used to to purchase additional products to sell. Isabel is requesting a new loan of 7,000 PHP which will be used for house repair. This loan will be her 2nd from PMPC. 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: Isabel, Elvie, Evangeline
*not pictured



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Loan details