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Warlita
Warlita C. is from the village of Danao. She is 65 years old. Warlita is married and has 7 adult-aged children. To make a living, Warlita 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 a variety of food products in the local community. Warlita has been engaged in her business for over 20 years and earns approximately 5,000 PHP a month for these activities.

In 1999, Warlita joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Warlita has successfully repaid a previous loan of 20,000 PHP from PMPC. This previous loan was used to to purchase additional products to sell. Warlita is requesting a new loan of 20000 PHP which will be used to purchase additional inventory & working capital. This loan will be the 17th loan taken out by Warlita 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

  • $7,000
    Average annual income
  • 1045
    View loans »
    Philippines Loans Fundraising
  • $57,705,875
    Funds lent in using Kiva
  • 47.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Warlita to purchase additional inventory & working capital.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 16, 2009
Listed
Sep 22, 2009
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2010