A loan of $300 helped a member additional capital to buy products to sell.

Esterlita's Group's story

Esterlita F. is from the village of Dapaon. She is 50 years old. Esterlita is the group leader of a 2-member group loan offered by PMPC. While each member of the group receives an individual loan, they are each responsible for paying back the loan of their fellow group member if she is delinquent or defaults.

Esterlita is married. To make a living, Esterlita owns & operates a canteen business venture. Esterlita has been engaged in her business for over 19 years and earns approximately 7000 PHP a month for these activities.

In 2007, Esterlita joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Esterlita has successfully repaid a previous loan from PMPC. Esterlita is requesting a new loan of 10,000 PHP which will be used to purchase additional inventory and as working capital. This will be the 5th loan taken out by Esterlita from PMPC. She plans to use the additional revenue generated from the business to improve the general living conditions of her 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: Esterlita, Josefina

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