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Noemie
Noemie M. is from the village of Puntod Lopez Jaena. She is 22 years old. Noemie is married and has 1 infant child. To make a living, Noemie owns and operates a business venture making and selling food. The main source of income for the business comes from selling a variety of food products in the local community. Noemie has been engaged in her business for over 1 year and earns approximately 3,000 PHP a month for these activities.



In 2009, Noemie joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Noemie has successfully repaid a previous loan of 6,000 PHP from PMPC. This previous loan was used to to purchase additional inventory and as working capital. Noemie is requesting a new loan of 10,000 PHP which will be used to invest in expanding the business. This will be the 2nd loan taken out by Noemie 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
  • 1008
    View loans »
    Philippines Loans Fundraising
  • $54,447,850
    Funds lent in using Kiva
  • 47.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Noemie to invest in expanding the business.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 18, 2009
Listed
Sep 30, 2009
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2010