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Maricel
Mrs. Maricel R. N., 26 years old, is married and is a resident of Calabayan, Ozamiz City. She is married to an overseas seaman who is now currently working abroad. She is blessed with one child who is still a minor.

With a passion for business, Maricel decided to engage in business in order not to depend solely on the allotment from her husband. She started her rice retailing business two years ago with capitalization from her savings. Her first customers were her relatives and close friends and she has been able to sustain this business until this time. Presently, she is earning an average net income of not less than P10,000 a month.

With a good credit record from her 1st loan of P15,000 she is now given the privilege of obtaining a loan of P30,000 to add to her capital. Now she is very happy in joining the Coop because she has learned many things, especially in our savings education program, which are very helpful not only for her but also for her child.

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
  • 1311
    View loans »
    Philippines Loans Fundraising
  • $57,949,200
    Funds lent in using Kiva
  • 46.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Maricel to use as additional capital for her business.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 19, 2009
Listed
Nov 19, 2009
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2010