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Lonimar
Lonimar L. is from the village of Lao Proper. He is 45 years old. Lonimar is married and has three grown children. To make a living, Lonimar owns and operates a business selling baked goods in the local community. Lonimar has been engaged in his business for over three years and earns approximately $315 a month from these activities.

In 2009, Lonimar joined PMPC to gain access to financial services to help improve his living situation and his ability to engage in business activities. Lonimar is requesting a new loan of 25000 PHP which will be used to purchase additional inventory and for working capital. This will be Lonimar's first loan from Lonimar from PMPC. He plans to use the additional revenue generated from the business to improve the general living conditions of his 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
  • 1299
    View loans »
    Philippines Loans Fundraising
  • $56,347,950
    Funds lent in using Kiva
  • 48.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Lonimar to purchase additional inventory and for working capital.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 25, 2009
Listed
Sep 7, 2009
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2010