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Alice
Alice L. is from the village of Lobogon. She is 32 years old. Alice is married and has 4 school-aged children. To make a living, Alice owns & operates a fish vending business in the food sector operating a fishing business. While not the only means for generating revenue, the main source of income for the business comes primarily from harvesting & selling ocean-caught fish in the local community. Alice has been engaged in her business for over 5 years and earns approximately 8000 PHP a month for these activities.

In 2005, Alice joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Alice has successfully repaid a previous loan of 12000 PHP from PMPC. Alice is requesting a new loan of 12000 PHP which will be used to purchase additional fish to sell. This loan will be the loan taken out by Alice 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
  • 345
    View loans »
    Philippines Loans Fundraising
  • $52,130,550
    Funds lent in using Kiva
  • 47.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $275 helped Alice to purchase additional fish to sell.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 28, 2009
Listed
Sep 22, 2009
Currency Exchange Loss:
Possible
Ended:
May 15, 2010