A loan of $575 helped a member to purchase livestock feed and other supplies.

Jarlene Acupe's Group's story

Jarlene A. is from the village of Dimaluna, Ozamiz City, Misamis Occidental. She is 30 years old. Jarlene is married and has two school-aged children. Jarlene is the group leader of a two-member group loan offered by PMPC. While each member receives an individual loan, they are each responsible for paying back the loan of their fellow group member if she is delinquent or defaults. The official name of this borrowing group is "Jarlene A.’s Group".

To make a living, Jarlene owns and operates a hog raising business. She has been engaged in this business for two years and earns approximately 4,000 PHP a month.

In 2009, Jarlene joined PMPC to gain access to financial services to help improve her living situation by engaging in business activities. She has successfully repaid a previous loan of 14,900 PHP from PMPC. Jarlene is requesting a loan of 14,900 PHP which will be used to purchase livestock feed and other supplies. This will be her 4th loan from PMPC. She plans to use the additional revenue generated to improve her business.

*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.

About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults.

In this group: Jarlene , Pablia

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Loan details