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Jessica
Jessica Y. is from the village of Centro Napu,Tudela,Misamis Occidental. She is 38 years old. Jessica is married and has 1 school-aged children. To make a living, Jessica owns & operates a business venture in the agriculture sector raising livestock. While not the only means for generating revenue, the main source of income for the business comes primarily from raising pigs for sale. Jessica has been engaged in her business for over 6 years and earns approximately 500.00 PHP a month for these activities.

In 2008, Jessica joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Jessica has successfully repaid a previous loan of 10,000.00 PHP from PMPC. This previous loan was used to to purchase baby livestock to raise & sell in future. Jessica is requesting a new loan of 10000 PHP which will be used to invest in retailing business( Sari-Sari Store ). This loan will be the 9th loan taken out by Jessica from PMPC. She plans to use the additional revenue generated from the business to improve the general living conditions 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

  • $1175
    Average annual income
  • 1404
    View loans »
    Philippines Loans Fundraising
  • $56,534,775
    Funds lent in using Kiva
  • 48.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Jessica to invest in retailing business( Sari-Sari Store ).
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 14, 2009
Listed
Aug 27, 2009
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2010