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Michael
Our featured entrepreneur is Michael H., 24, a young and active resident of Minsubong, Tangub City. Michael and his wife Merizel operate a mini-grocery in the city of Tangub. With an initial capital of P5,000.00 from their savings, they were able to sustain their business so far. The couple devote most of their their time to their business since they are still unblessed with a child. Michael joined PAGLAUM MPC in June 2009 because he was interested in our products and services. Now, he is applying for a loan of P20,000.00 to add his capital for their mini-grocery. His future plan is to expand their business and be able to open another outlet in the city. He is also hoping that someday they will be blessed with an angel to complete the word “Family”.

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
  • 235
    View loans »
    Philippines Loans Fundraising
  • $53,065,125
    Funds lent in using Kiva
  • 48.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Michael additional capital for their Mini-Grocery Business.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 24, 2009
Listed
Jul 23, 2009
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2010