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Carmencita L. is from the village of Olingan. She is 47 years old. Carmencita is married and has three adult children. To make a living, Carmencita owns & operates a general store, selling a variety of different products in the local community. Carmencita is just starting this business.

In 2008, Carmencita joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Carmencita has successfully repaid a previous loan of 11,000 PHP from PMPC. Carmencita is requesting a new loan of 14,000 PHP, which will be used to purchase additional inventory & as working capital. This loan will be the fourth loan taken out by Carmencita from PMPC. She plans to use the additional revenue generated from the business to improve/expand her business.

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
  • 384
    View loans »
    Philippines Loans Fundraising
  • $52,115,200
    Funds lent in using Kiva
  • 46.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Carmencita to purchase additional inventory & use as working capital.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Oct 8, 2009
Oct 26, 2009
Currency Exchange Loss:
Aug 15, 2010