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Lyn
Lyn S. is from the city of Oroquieta, Misamis Occidental. She is 25 years old, is married and has 2 infant-aged children. To make a living, Lyn owns & operates a vegetable business; her main source of income comes from planting & harvesting vegetables for sale. Lyn has been engaged in her business for over 2 years and earns approximately 6000 PHP a month for these activities.

In 2009, Lyn joined PMPC to gain access to financial services to help improve her living situation and run her business. Lyn is requesting a loan of 5000 PHP, which will be used to purchase additional seeds, seedlings & young crops to raise. This loan will be the 1st loan taken out by Lyn from PMPC. She plans to use the additional revenue generated from the business to improve the general living conditions of her family.

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.

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
  • 301
    View loans »
    Philippines Loans Fundraising
  • $50,700,950
    Funds lent in using Kiva
  • 47.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Lyn to purchase additional seeds, seedlings & young crops to raise.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 25, 2009
Listed
Jun 12, 2009
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2009