Check out some available loans that are similar to this one!
Jovelyn
Jovelyn T. is from the village of Unidos. She is 45 years old. Jovelyn is married and has 7 adult children. To make a living, Jovelyn owns and operates a service-based business. The main source of income for the business comes from providing mechanical services to local community members. Jovelyn has been engaged in her business for over 20 years and earns approximately 4,000 PHP a month for these activities.



In 2001, Jovelyn joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Jovelyn has successfully repaid a previous loan of 15,000 PHP from PMPC. This previous loan was used to to purchase additional inventory and working capital. Jovelyn is requesting a new loan of 15,000 PHP which will be used to invest in expanding the business. This will be the 14th loan taken out by Jovelyn 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

  • $1175
    Average annual income
  • 877
    View loans »
    Philippines Loans Fundraising
  • $54,403,725
    Funds lent in using Kiva
  • 47.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Jovelyn to invest in expanding the business.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 18, 2009
Listed
Sep 29, 2009
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2010