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Noralyn
Noralyn T. is from the village of Biasong. She is 37 years old. Noralyn is married and has five school-aged children. To make a living, Noralyn owns & operates a fishing business. While not the only means for generating revenue, the main source of income for the business comes primarily from harvesting & selling ocean-caught fish in the local community. Noralyn has been engaged in her business for over two years and earns approximately 6,000 PHP a month from these activities.

In 2007, Noralyn joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Noralyn has successfully repaid a previous loan of 5,000 PHP from PMPC. This previous loan was used to invest in expanding the business. Noralyn is requesting a new loan of 10000 PHP, which will be used to purchase fishing equipment including hooks & nets. This loan will be the fourth loan taken out by Noralyn 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 Partners 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

  • $7,000
    Average annual income
  • 1050
    View loans »
    Philippines Loans Fundraising
  • $57,733,025
    Funds lent in using Kiva
  • 48.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Noralyn to purchase fishing equipment.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 10, 2009
Listed
Jun 16, 2009
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2009