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Joe-Alen
Joe-alen S. is from the village of Danao. At a young age of 22, he is already married, and has an infant child.

Joe-alen owns and operates a general store, selling a variety of different products in the local community. He has been engaged in this business for over five years and earns approximately 3,000 PHP a month.

In 2008, Joe-alen 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 of 7,000 PHP from PMPC. This previous loan was used to to purchase additional products to sell.

Joe-alen is requesting a new loan of 5,000 PHP which will be used to purchase additional inventory and used as working capital. This loan will be his 2nd from PMPC. He 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
  • 352
    View loans »
    Philippines Loans Fundraising
  • $50,890,275
    Funds lent in using Kiva
  • 48.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Joe-Alen to purchase additional inventory and to use as working capital.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 22, 2009
Listed
Jul 29, 2009
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2010