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Meriam
Meriam M. is a 43-year-old married mother of two school-aged children and is from Oroquieta City. To make a living, Meriam owns and operates a 'sari-sari' ('various kinds') store business in the retail sector. While not the only means for generating revenue, the main source of income for the business comes from selling a variety of different products in the local community. Meriam has been engaged in her business for over two years and earns approximately 6000 PHP a month from these activities.


In 2007, Meriam joined Kiva partner, PMPC, to gain access to financial services to help improve her living situation and ability to engage in business activities. She has successfully repaid a previous loan from PMPC. Meriam is now requesting a new loan of 20,000 PHP to purchase additional inventory and for use as working capital. This loan will be her sixth from PMPC. Meriam plans to use the additional revenue generated from the business to supplement her family's income.


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
  • 312
    View loans »
    Philippines Loans Fundraising
  • $52,720,350
    Funds lent in using Kiva
  • 47.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Meriam to purchase additional inventory and for use as working capital.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 31, 2009
Listed
Jun 18, 2009
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2010