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Criselda
Criselda A. is from the village of Lobogon. She is 37 years old. Criselda is married and has 1 school-aged child. To make a living, Criselda provides multicab transportation services to local community members. Criselda has been engaged in her business for over 3 years and earns approximately 10000 PHP a month from these activities.

In 2007, Criselda joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Criselda has successfully repaid a previous loan from PMPC. Criselda is requesting a new loan of 20000 PHP which will be used to purchase additional inventory & working capital. This loan will be the 4th loan taken out by Criselda from PMPC. She plans to use the additional revenue generated from the business to improve her family's general living conditions.

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
  • 946
    View loans »
    Philippines Loans Fundraising
  • $53,488,575
    Funds lent in using Kiva
  • 48.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Criselda to purchase additional inventory and use as working capital.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 18, 2009
Listed
Aug 21, 2009
Currency Exchange Loss:
Possible
Ended:
May 15, 2010