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Jay B. is from the city of Oroquieta. He is 29 years old and single. To make a living, Jay owns and operates a barber shop. The primary--but not only--source of this business's income comes from providing hairdressing and beauty services to local community members. Jay has been engaged in this business for over 4 years and earns approximately 8000 Philippine pesos (or about $85 US) a month for these activities.

In 2008, Jay joined PMPC to gain access to financial services to help improve his living situation and his ability to engage in business activities. He has successfully repaid a previous loan from PMPC. Jay is requesting a new loan of 14950 pesos (or about $325) which will be used to purchase materials needed to provide service. This loan will be his second loan from PMPC. Jay plans to use the additional revenue generated from his business to improve the general living conditions his 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

  • $7,000
    Average annual income
  • 706
    View loans »
    Philippines Loans Fundraising
  • $63,241,750
    Funds lent in using Kiva
  • 47.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Jay to purchase materials needed to provide service.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Jun 30, 2009
Jul 20, 2009
Currency Exchange Loss:
Mar 15, 2010