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Thelma
Thelma C., 63, is from the city of Dapitan. She is married and has 7 adult-aged children. To make a living, Thelma owns and operates vulcanizing shop. Her main source of income comes from vulcanizing services in the local community. Thelma has engaged in her business for over 2 years and earns approximately 2,500 PHP a month.

In 2006, Thelma joined PMPC to gain access to financial services to improve her living situation and to engage in business activities. Thelma has successfully repaid a previous loan of 14,500 PHP from PMPC to purchase an air compressor. Thelma is requesting a new loan of 14,500 PHP to purchase materials to expand her business. This loan will be the 7th from PMPC. Thelma plans to use the additional revenue to improve the general living conditions of her family.
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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.

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
  • 341
    View loans »
    Philippines Loans Fundraising
  • $50,756,300
    Funds lent in using Kiva
  • 47.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Thelma capital for vulcanizing shop.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 19, 2009
Listed
Jun 29, 2009
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2010