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Elsa
Elsa G. is from the town of Roxas. She is 47 years old. Elsa is married and has 3 school-aged children. To make a living, Elsa owns & operates a restaurant. While not the only means for generating revenue, the main source of income for the business comes from serving a variety of different meals to customers in the local community. Elsa has been engaged in her business for over 8 years and earns approximately 7,000 Philippine pesos (about $146 US) a month from these activities.


In 2007, Elsa joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Elsa has successfully repaid a previous loan of 3,000 pesos from PMPC. This previous loan was used to to purchase food & drinks for the restaurant. Elsa is requesting a new loan of 5,000 pesos which will be used to purchase additional inventory & working capital. This loan will be the 5th loan taken out by Elsa 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

  • $7,000
    Average annual income
  • 1450
    View loans »
    Philippines Loans Fundraising
  • $59,289,200
    Funds lent in using Kiva
  • 48.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Elsa for inventory & working capital.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 26, 2009
Listed
Jul 23, 2009
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2010