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Eva
“Leaf for shelter”…This is the main source of income for Mrs. Eva S., 49, a widow, and a resident of Dupol, Bonifacio, Misamis Occidental. She is blessed with 2 children: one is single and works in Manila City, and second is married and cares for his own family. Mrs. Eva S. is presently engaged in buying and selling of “Nipa”, a leaf of a tree from the palm family which is used for shelter, particularly for making roofs, and is sometimes used in making walls of houses. She started this business 18 years ago with an initial capital of PHP 20,000 from PMPC. Although she receives a monthly pension from her late husband, she is eager to continue with this business as it generates additional income for the family and as she can employ her neighbors in her “nipa” forming (paod) business. She joined PMPC in February 2009 and has had a good credit record. She is now applying for a loan of PHP 50,000 as additional capital for her existing business. She plans to expand her business to other municipalities and cities near Misamis Occidental and Zamboanga Del Sur.

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
  • 996
    View loans »
    Philippines Loans Fundraising
  • $54,447,850
    Funds lent in using Kiva
  • 48.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Eva additional capital for her "Nipa" buying and selling business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 8, 2009
Listed
Jul 27, 2009
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2010