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Luzminda
Luzminda T. is 38 years old and lives in Balasdio. She has one child who is not yet old enough to attend school. To earn income, Luzminda runs a general store, selling a variety of food products to the local community. She started the business almost 20 years ago and earns about 10,000 pesos per month. Presently, Luzminda needs a loan of 20,000 pesos to be able to purchase of a new freezer. She hopes that the purchase will help expand the sales business and generate additional income, so that she can afford sending her child to a college.

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
  • 297
    View loans »
    Philippines Loans Fundraising
  • $52,723,450
    Funds lent in using Kiva
  • 47.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Luzminda purchase of a freezer for a sales business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 12, 2009
Listed
May 29, 2009
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2010