A loan of $825 helped a member to invest in expanding the business.


Esabel Mangubal's Group's story

Esabel M. is from the village of Yahong, Tudela, Misamis Occidental. She is 31 years old. Esabel is the group leader of a four-member group. 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. The official name of this borrowing group is Esabel M. Group.

Esabel is married and has two school-aged children. To make a living, Esabel owns and operates a 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. Esabel has been engaged in her business for more than five years and earns approximately 1,000 PHP a month for these activities.

In 2010, Esabel joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Esabel has successfully repaid a previous loan of 5,000 PHP from PMPC. This previous loan was used to to purchase additional products to sell. Esabel is requesting a new loan of 8,000 PHP, which will be used to invest in expanding the business. This loan will be the second loan taken out by Esabel from PMPC. She plans to use the additional revenue generated from the business to supplement her family's income.

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: Esabel, Marina, Mely, Jessie
*not pictured



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