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Loreta Napuecas' Group
In this Group: Loreta, Reynalda
Loreta N. is from the Barangay of Catadman, Ozamiz City. She is 44 years old, married and has two adult children. Loreta is the group leader of a two-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.

To make a living, Loreta sells a variety of different herbal medicinal products in the local community. She has been engaged in this business for 10 years and earns approximately 5,000 Philippine pesos (PHP) a month.

In 2006, Loreta joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business. She has successfully repaid a previous loan of 12,600 PHP from PMPC. She is now requesting a new loan of 14,900 PHP, which will be used to purchase additional herbal products to sell. This loan will be the seventh loan taken out by Loreta from PMPC. She plans to use the additional revenue generated from the business to save as a reserve for her future emergencies.

About PMPC:
Paglaum Multi-Purpose Cooperative (PMPC) is one of the most progressive cooperatives in Northwestern Mindanao. It reaches 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.

Additional Information

About Paglaum Multi-Purpose Cooperative

Paglaum Multi-Purpose Cooperative (PMPC) was founded in 1992 by the beneficiaries, parents and staff of the Paglaum Community Development Foundation to address economic and livelihood activities for sustainability. The organization operates in the northwestern provinces of Mindanao and Visayas.

In the local vernacular, “paglaum” means “hope.” The initial foundation is dedicated to child development through a holistic approach. The goal is to build self-reliance and expand opportunity so the poorest of the poor can help themselves.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Philippines

  • $7,000
    Average annual income
  • 453
    View loans »
    Philippines Loans Fundraising
  • $69,741,450
    Funds lent in using Kiva
  • 44.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A portion of Loreta Napuecas' Group's $450 loan helped a member additional capital for Herbal Medicine.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Dec 28, 2010
Jan 18, 2011
Currency Exchange Loss:
Nov 15, 2011