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Excequie
Excequie B. is from the village of Panalsalan. She is 47 years old. Excequie is married and has 5 school-aged children. To make a living, Excequie owns and operates a furniture-making business. While not the only means for generating revenue, the main source of income for the business comes from making and selling general household furniture to local businesses and community members. Excequie has been engaged in her business for over 5 years and earns approximately 5,000 PHP a month for these activities.



In 2004, Excequie joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Excequie has successfully repaid a previous loan of 10,000 PHP from PMPC. This previous loan was used to to purchase raw materials to make additional furniture. Excequie is requesting a new loan of 15,000 PHP which will be used to purchase additional inventory and as working capital. This will be the 10th loan taken out by Excequie 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
  • 299
    View loans »
    Philippines Loans Fundraising
  • $52,091,300
    Funds lent in using Kiva
  • 48.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Excequie to purchase additional inventory and as working capital.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 17, 2009
Listed
Jul 24, 2009
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2010