Check out some available loans that are similar to this one!
Mamelita
Mamelita C. is from the village of Mohon. She is 57 years old, is married, and has eight adult children.

Mamelita owns and operates a "sari-sari" or general store, selling a variety of different products in the local community. She has been engaged in her business for over four years and earns approximately 5,000 PHP a month.

In 2005, Mamelita joined PMPC to gain access to financial services to help improve her living situation and her ability to engage in business activities. She has successfully repaid a previous loan from PMPC.

Mamelita is requesting a new loan of 14,900 PHP which will be used to purchase additional products to sell. This loan will be her 4th from PMPC. 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

  • $7,000
    Average annual income
  • 1308
    View loans »
    Philippines Loans Fundraising
  • $58,008,825
    Funds lent in using Kiva
  • 48.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Mamelita to purchase additional products to sell.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 27, 2009
Listed
Sep 9, 2009
Currency Exchange Loss:
Possible
Ended:
May 15, 2010