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Elvie
Elvie M. is from the village of Poblacion 1 , Clarin,Misamis Occidental. She is 38 years old. Elvie is married and has 2 school-aged children. To make a living, Elvie owns & operates a business venture in the food sector making & selling food. While not the only means for generating revenue, the main source of income for the business comes primarily from selling snacks & other delicacies in the local community. Elvie has been engaged in her business for over 4 years and earns approximately 3,000.00 PHP a month for these activities.

In March 2009, Elvie joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Elvie has successfully repaid a previous loan of 5,000.00 PHP from PMPC. This previous loan was used to to purchase raw ingredients needed to make food products for sale. Elvie is requesting a new loan of 9000 PHP which will be used to purchase raw ingredients needed to make food products for sale. This loan will be the 2nd loan taken out by Elvie from PMPC. She plans to use the additional revenue generated from the business to financially support immediate members of the borrower's 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
  • 1464
    View loans »
    Philippines Loans Fundraising
  • $59,151,425
    Funds lent in using Kiva
  • 48.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Elvie to purchase raw ingredients needed to make products for sale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 19, 2009
Listed
Aug 17, 2009
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2010