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Hermisa
Hermisa A. is from the town of San Carlos, Tukuran, Zambo. Del Sur. She is 38 years old. Hermisa is married and has four school-aged children. To make a living, Hermisa owns and operates a clothing business, providing new clothing services to local community members. Hermisa is just starting this business.

In 2009, Hermisa joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Hermisa has successfully repaid a previous loan of 4,000 PHP from PMPC. This previous loan was used to to purchase additional fabrics and materials. Hermisa is requesting a new loan of 10,000 PHP, which also will be used to purchase additional fabrics and materials. This loan will be the third loan taken out by Hermisa from PMPC. She plans to use the additional revenue generated from the business to improve and 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.

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
  • 275
    View loans »
    Philippines Loans Fundraising
  • $52,061,525
    Funds lent in using Kiva
  • 47.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Hermisa to purchase additional fabrics and materials.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 29, 2009
Listed
Oct 28, 2009
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2010