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Alma
Alma T. is from the village of Dela Paz. She is 48 years old. Alma is married and has adult children. To make a living, Alma owns and operates a snack vending business making and selling food. The main source of income for the business comes from selling snacks and other delicacies in the local community. Alma has been engaged in her business for over 10 years and earns approximately 5,000 PHP a month for these activities.



In 2004, Alma joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Alma has successfully repaid a previous loan from PMPC. Alma is requesting a new loan of 14,900 PHP which will be used to purchase raw ingredients needed to make food products for sale. This will be the 10th loan taken out by Alma 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

  • $7,000
    Average annual income
  • 1436
    View loans »
    Philippines Loans Fundraising
  • $59,117,025
    Funds lent in using Kiva
  • 46.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Alma to purchase raw ingredients needed to make food products for sale.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 26, 2009
Listed
Nov 13, 2009
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2010