A loan of $775 helped a member to purchase livestock feed and other supplies.

Rosalinda Dano Group's story

Rosalinda D. is from the village of Libertad Bajo, Sinacaban Mis. Occ. She is 38 years old. Rosalinda 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 Rosalinda D. Group.

Rosalinda is married and has four school-aged children. To make a living, Rosalinda raises pigs to sell. Rosalinda has been engaged in her business for over 31 years and earns approximately 3800 PHP a month from these activities.

In 2006, Rosalinda joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Rosalinda has successfully repaid a previous loan of 14000 PHP from PMPC. The previous loan was used to purchase baby livestock to raise and sell. Rosalinda is requesting a new loan of 14000 PHP which will be used to purchase livestock feed and other supplies. This will be Rosalinda's 8th loan from PMPC. She plans to use the additional revenue to improve and expand her business.

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: Rosalinda, Lolita, Marybeth

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