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Mary Grace
Mrs. Mary Grace A., 21 years old, is married with 1 kid. She lives in Balangasan District, Pagadian City. Her husband is a painter. The couple could not obtain a high paying job so they decided to venture into sari-sari (variety) store business, but there was no capital at hand. With determination and courage they applied for membership at Paglaum MPC, having heard of its loan windows. In her desire to help her husband, she applied for Php 14,900 from the cooperative. Their neighbors became their customers, and eventually they could even display their products in the public market.

The small business is going so well that she decided to expand. Mrs. A. has been able to pay her previous loan in a timely fashion, and is a member in good standing. She has high hopes that God will bless their business, and that they will hopefully own a bigger store when their profits allow. In the future, she wants to see her child finish good education.

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

  • $1175
    Average annual income
  • 380
    View loans »
    Philippines Loans Fundraising
  • $50,808,425
    Funds lent in using Kiva
  • 48.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Mary Grace purchase additional stocks for her variety store.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 31, 2009
Listed
Apr 11, 2009
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2010