A loan of $475 helped a member to purchase fertilizers.

Jessie's Group's story

Jessie M. is from the village of Buenavista, Tudela, Misamis Occidental. She is 56 years old and is the leader of this two-member group loan offered by PMPC. While each member of the group receives an individual loan, they are collectively responsible for paying back the loan of their fellow group member if they are delinquent or default.

Jessie is married and has five adult-aged children. She has been a farmer for over 20 years and earns approximately 8,200 PHP a month.

In March, 2005, Jessie joined PMPC to gain access to financial services to help improve her business and living situation. She has successfully repaid a previous loan of 14,900 PHP from PMPC. This previous loan was used to purchase fertilizers.

Jessie is requesting a new loan of 14,900 PHP, which will be used to purchase fertilizers for her farm. This will be her eight loan from PMPC. She plans to use the additional revenue generated from the business for the improvement of 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: Jessie, Liza

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Loan details