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Helen
Helen S. is from the village of Polo Pitogo. She is 34 years old. Helen is married and has three school-aged children. To make a living, Helen owns & operates a fishing business. While not the only means for generating revenue, the main source of income for the business comes primarily from harvesting & selling ocean-caught fish in the local community. Helen has been engaged in her business for over four years and earns approximately 2,500 PHP a month for these activities.

In 2001, Helen joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Helen has successfully repaid a previous loan of 20,000 PHP from PMPC. This previous loan was used to purchase fishing equipment including hooks & nets. Helen is requesting a new loan of 15000 PHP, which will be used to invest in expanding the business. This loan will be the 14th loan taken out by Helen 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
  • 333
    View loans »
    Philippines Loans Fundraising
  • $50,765,025
    Funds lent in using Kiva
  • 48.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Helen to expand the business.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 18, 2009
Listed
Jul 1, 2009
Currency Exchange Loss:
Possible
Ended:
May 15, 2010