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Sylvia
Sylvia P. is from the village of Dullan. She is 37 years old. Sylvia is married and has five school-aged children. To make a living, Sylvia owns and operates a junk shop business in the services sector, providing recycling services. The main source of income for the business comes primarily from hauling junk and other waste material for local businesses and community members. Sylvia has been engaged in her business for over five years and earns approximately 7,000 PHP a month from these activities.


In 2004, Sylvia joined PMPC to gain access to financial services. She wished to help improve her living situation and to increase her ability to engage in business activities. Sylvia has successfully repaid a previous loan from PMPC. Sylvia is now requesting a new loan of 14,900 PHP, which will be used to purchase additional materials for the business. This will be the twentieth loan taken out by Sylvia from PMPC. She 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

  • $7,000
    Average annual income
  • 1518
    View loans »
    Philippines Loans Fundraising
  • $59,173,600
    Funds lent in using Kiva
  • 48.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Sylvia to purchase additional materials for the business.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 31, 2009
Listed
Aug 14, 2009
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2010