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Lolita
Mrs. Lolita B., a 55-year-old married mother of five children from Libertad Bajo, Sinacaban, Misamis Occidental, began a business in food retailing to be of assistance in meeting the family’s daily basic needs and the children’s school allowances. Her regular customers are their friends, neighbors, and relatives. Lolita’s loan request of PHP 9,500.00, her twelfth, is intended as additional capital for her business. She dreams of a comfortable living, having enough income to sustain their daily needs and for their old age.

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
  • 1464
    View loans »
    Philippines Loans Fundraising
  • $59,251,750
    Funds lent in using Kiva
  • 48.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Lolita as additional capital for food retailing.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 30, 2009
Listed
Jun 27, 2009
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2009