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Jovelyn
Jovelyn B. owns and operates a business raising pigs for sale. She is 29 years old, married and has three school-age children. They are from the town of Sinian, Baliangao Mis. Occ. Jovelyn has been in this business for over six years and earns approximately 5,000 PHP a month.


In 2008, Jovelyn joined PMPC to gain access to financial services to help improve her living conditions and enable her to engage in business activities. Jovelyn has successfully repaid a previous loan of 3,000 PHP from PMPC. Jovelyn is requesting a new loan of 2,000 PHP which will be used to purchase livestock feed and other supplies. This will be her first loan from PMPC. She plans to use the additional revenue to pay the tuition fees of her children.


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
  • 1312
    View loans »
    Philippines Loans Fundraising
  • $57,949,200
    Funds lent in using Kiva
  • 48.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $50 helped Jovelyn to purchase livestock feed and other supplies.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 28, 2009
Listed
Aug 14, 2009
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2009