A loan of $550 helped a member to invest in expanding the business.

Daisy Caballa Group's story

Daisy C. is from the village of Mialen, Clarin, Misamis Occidental. She is 50 years old. Daisy is the group leader of a 4-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 Daisy C. Group.

Daisy is married and has 5 adult children. To make a living, Daisy owns and operates a fishing business. While not the only means for generating revenue, the main source of income for the business comes primarily from harvesting and selling ocean-caught fish in the local community. Daisy has been engaged in her business for over 12 years and earns approximately 10,500 PHP a month for these activities.

In 2007, Daisy joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Daisy has successfully repaid a previous loan of 6,000 PHP from PMPC. This previous loan was used to to purchase additional fish to sell. Daisy is requesting a new loan of 6,000 PHP, which will be used to invest in expanding the business. This loan will be the 7th loan taken out by Daisy from PMPC. She plans to use the additional revenue generated from the business to make improvements to her house.

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: Daisy, Antonia, Ansilma, Marilou
*not pictured

Loan details

Lenders and lending teams

Loan details