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Jethro H. is from the municipality of Lopez Jaena, Misamis Occidental. He is 33 years old. Jethro is married and has 1 infant child. To make a living, Jethro owns and operates a sari-sari store (a general store). The main source of income for the business comes from selling rice retail in the local community. Jethro has been engaged in his business for over 1 year and earns approximately 9,000 PHP a month for these activities.

In 2008, Jethro joined PMPC to gain access to financial services to help improve his living situation and ability to engage in business activities. Jethro has successfully repaid a previous loan of 20,000 PHP from PMPC. Jethro is requesting a new loan of 40,000 PHP which will be used to purchase additional inventory and as working capital. He plans to use the additional revenue generated from the business to improve/expand his business.

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

  • $7,000
    Average annual income
  • 1822
    View loans »
    Philippines Loans Fundraising
  • $60,865,650
    Funds lent in using Kiva
  • 48.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Jethro to purchase additional inventory and as working capital.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Jul 14, 2009
Jul 30, 2009
Currency Exchange Loss:
Apr 15, 2010