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Mrs. Elvie S., 40 years of age, is married and lives in Eastern Looc, Plaridel, Misamis Occidental. With their simple abode near the seashore, she works hard to support her family with buying and selling fish and other seafood. Her husband, who is a fisherman, and all her six children help one another make a living.

Close family ties motivate the couple to survive. They applied to Paglaum for a loan in the amount of PHP 15,000 to finance their fishing business.

Elvie desires to send all her children to school with Paglaum MPC as her financing partner.

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.

About Philippines

  • $7,000
    Average annual income
  • 1829
    View loans »
    Philippines Loans Fundraising
  • $60,851,250
    Funds lent in using Kiva
  • 48.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Elvie to finance their fishing business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Mar 11, 2009
Apr 10, 2009
Currency Exchange Loss:
Sep 15, 2009