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Rosemarie
Rosemarie B. is from the village of Biasong. She is 35 years old. Rosemarie is married and has four school-aged children. To make a living, Rosemarie owns & operates a manufacturing business. While not the only means for generating revenue, the main source of income for the business comes primarily from manufacturing & selling clay products to local businesses and community members. Rosemarie has been engaged in her business for over one year and earns approximately 4,000 PHP a month for these activities.

In 2008, Rosemarie joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Rosemarie has successfully repaid a previous loan of 10,000 PHP from PMPC. This previous loan was used to purchase additional inventory & working capital. Rosemarie is requesting a new loan of 15000 PHP, which will be used to purchase raw materials to manufacture additional products. This loan will be the third loan taken out by Rosemarie 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
  • 1395
    View loans »
    Philippines Loans Fundraising
  • $59,123,575
    Funds lent in using Kiva
  • 48.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Rosemarie to purchase more raw materials.
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:
Jan 15, 2010