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Lolita
At 61 years old, Lolita S. owns a sari-sari (variety or mini grocery) store. She is a hardworking woman who is married to Plaxido, a carpenter with a meager income. They are blessed with four children. She started her business with a small amount of capital from her vegetable vending. She used and managed her money well until she could open another project, the sari-sari store, as their major source of income.


As of now, two of Lolita's children are working abroad and she is able to receive a monthly allotment as support. She needs a capital of PHP 20,000 to buy additional inventory. She looks forward to her two daughters finishing college and establishing their own careers.

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
  • 255
    View loans »
    Philippines Loans Fundraising
  • $53,061,525
    Funds lent in using Kiva
  • 48.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Lolita purchase of grocery items.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 17, 2009
Listed
Apr 22, 2009
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2010