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Vinancia
Vinancia P., age 60, is from the village of Tuburan. Vinancia is married and has three grown children. To make a living, Vinancia owns and operates a fishing business. The main source of income for the business comes primarily from harvesting and selling ocean-caught fish in the local community. Vinancia has been engaged in her business for over seven years and earns approximately 7,000 PHP a month from these activities.


In 2007, Vinancia joined PMPC to gain access to financial services. She hoped to help improve her living situation and to increase her ability to engage in business activities. Vinancia has successfully repaid three previous loans from PMPC. Vinancia is requesting a new loan of 10,000 PHP, which will be used to invest in expanding the business. 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

  • $1175
    Average annual income
  • 472
    View loans »
    Philippines Loans Fundraising
  • $50,987,450
    Funds lent in using Kiva
  • 48.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Vinancia to invest in expanding the business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 12, 2009
Listed
Aug 17, 2009
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2010