Funded

Total loan: $675
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A loan of $675 helped a member to purchase piglets, feeds and construction materials.


Cumawas Group's story

Jonalyn C. lives in the village of Miputak. She is 31 years old and leads a two-person loan group that receives funding from PMPC. While each member of the group receives an individual loan, they are both collectively responsible for paying back the loan for their fellow group member if one is delinquent or defaults.

Jonalyn is married and has two school-aged children. She makes a living by raising pigs in her backyard. She has been in this business for more than 3 years and earns about 5,000 PHP a month from her work.

In 2007, Jonalyn joined PMPC to gain access to financial services to help improve her life and ability to engage in business. She has successfully repaid seven previous loans from PMPC, and used each of them to buy piglets and feeds.

Jonalyn and her loan group are applying for a new loan of 14,900 PHP to buy additional piglets, feeds and construction materials for her business. She plans to use the additional revenue generated by her business to improve her family's living conditions.

In this group: Jonalyn, Mercedita
*not pictured



Loan details

Loan length:

11 months
Disbursed date: December 22, 2010
Facilitated by Field Partner: Paglaum Multi-Purpose Cooperative (PMPC)

Lenders and lending teams



Loan details

Loan length:

11 months
Disbursed date: December 22, 2010
Facilitated by Field Partner: Paglaum Multi-Purpose Cooperative (PMPC)