A loan of $625 helped a member to buy land.


Anamaricon's Group's story

Anamaricon D. is from the village of Sapang Ama. She is 45 years old and the group leader of a two-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.

She is married and has three adult-aged children. To make a living, she runs a general store, selling household items in the local community. She has been engaged in her business for over three years and earns approximately $33 a month from this activity.

In 2006, Anamaricon joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. She has successfully repaid a previous loan of 20,000 PHP from PMPC. This previous loan was used to purchase additional products to sell. Anamaricon is requesting a new loan of 14,950 PHP which will be used to buy land. This will be her 9th loan 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: Anamaricon, Marissa



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