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Raquel
Raquel A. is from the village of Taboo,Jimenez,Misamis Occidental. She is 41 years old. Raquel is separated from spouse and has 2 school-aged children. To make a living, Raquel owns & operates a business venture in the retail sector running a general store. While not the only means for generating revenue, the main source of income for the business comes primarily from selling daily use products such as shampoo, soap & toothpaste in the local community. Raquel has been engaged in her business for over 4 years and earns approximately 8,000.00 PHP a month for these activities.

In 2008, Raquel joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Raquel has successfully repaid a previous loan of 14,000.00 PHP from PMPC. This previous loan was used to to purchase additional products to sell. Raquel is requesting a new loan of 20000 PHP which will be used to purchase additional inventory & working capital. This loan will be the 4th loan taken out by Raquel 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
  • 557
    View loans »
    Philippines Loans Fundraising
  • $53,351,450
    Funds lent in using Kiva
  • 47.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Raquel to purchase additional inventory & working capital.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 18, 2009
Listed
Sep 29, 2009
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2010