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Gloria
Gloria C. is from the village of Poblacion. She is 59 years old. Gloria is married and has 6 adult-aged children. To make a living, Gloria owns & operates rice retailing business in the retail sector operating a specialized retail store. While not the only means for generating revenue, the main source of income for the business comes primarily from selling rice & corn products in the local community. Gloria has been engaged in her business for over 6 years and earns approximately 6,000 PHP a month for these activities.

In 2004, Gloria joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Gloria has successfully repaid previous loans from PMPC. Gloria is requesting a new loan of 30,000 PHP which will be used to purchase additional inventory & working capital. This loan will be the 13th loan taken out by Gloria from PMPC. She plans to use the additional revenue generated from the business to improve the general living conditions of her family.

About PMPC:\n\nPaglaum 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

  • $7,000
    Average annual income
  • 1265
    View loans »
    Philippines Loans Fundraising
  • $57,895,900
    Funds lent in using Kiva
  • 47.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Gloria to purchase additional supplies of rice and corn & provide working capital.
100% repaid
Repayment Term
19 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 8, 2009
Listed
Nov 1, 2009
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2010