A loan of $825 helped a member to purchase livestock feed & other supplies.


Elsie Bienes Group's story

Elsie B. is from the village of Gumbil,Tudela, Misamis Occidental. She is 47 years old. Elsie is the group leader of a 3-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. The official name of this borrowing group is Elsie B. Group. Elsie is married and has 2 adult-aged children. To make a living, Elsie owns and operates a business venture in the agriculture sector raising livestock. While not the only means for generating revenue, the main source of income for the business comes primarily from raising pigs for sale. Elsie has been engaged in her business for over 16 years and earns approximately 2800 PHP a month for these activities. In 2008, Elsie joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Elsie has successfully repaid a previous loan of 13,000 PHP from PMPC. This previous loan was used to to purchase baby livestock to raise and sell. Elsie is requesting a new loan of 14,900 PHP, which will be used to purchase livestock feed and other supplies. This loan will be the sixth loan taken out by Elsie 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 translation by Kiva. Given that manual translation of entrepreneur profiles is costly, Kiva created this template for our field partners to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.

In this group: Elsie, Teresita, Rosita
*not pictured



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