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Ramonita
Ramonita E. is from the village of Danao. She is 67 years old. Ramonita is widowed and has adult children. To make a living, Ramonita owns and operates a fishing business. While not the only means for generating revenue, the main source of income for the business comes from harvesting and selling ocean-caught fish in the local community. Ramonita has been engaged in her business for over 20 years and earns approximately 4,000 PHP a month for these activities.



In 2000, Ramonita joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Ramonita has successfully repaid a previous loan of 15,000 PHP from PMPC. This previous loan was used to to purchase additional fish to sell.



Ramonita is requesting a new loan of 20,000 PHP which will be used to purchase additional fish to sell. This will be the 14th loan taken out by Ramonita 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
  • 1095
    View loans »
    Philippines Loans Fundraising
  • $54,720,425
    Funds lent in using Kiva
  • 48.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Ramonita to purchase additional fish to sell.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 17, 2009
Listed
Jun 22, 2009
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2010