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Marissa
Marissa E. has 5 children: 2 are high school students and 3 are elementary school students. Her husband is also her partner in their bamboo mat business, which was set up from small capital provided by PMPC. Marissa is a microfinance member of Paglaum Development Program for Landless People. She wants to improve her business so that she can get more customers for her "amakan" (bamboo mat) business. She has repaid her past loans and is thankful to PMPC for helping her with insurance and savings deposit for her entire 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
  • 362
    View loans »
    Philippines Loans Fundraising
  • $52,706,975
    Funds lent in using Kiva
  • 48.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $75 helped Marissa additional capital for her bamboo mat business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 17, 2009
Listed
Jul 27, 2009
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2009