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Mrs. Corazon Q. is from the village of Napisik, Sulipat, Calamba, Misamis Occidental. She is 31 years old, is married, and is blessed with only one school-aged child.

Corazon owns and operates a business selling of variety of food products in the local community. She has been engaged in her business for more than three years and earns 5,000 PHP monthly.

Recently, Corazon is obtaining her 6th loan in the amount of 15,000 PHP which will be used as additional capital for 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

  • $7,000
    Average annual income
  • 1045
    View loans »
    Philippines Loans Fundraising
  • $63,421,500
    Funds lent in using Kiva
  • 46.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Corazon to use as additional capital for her sari-sari store.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Oct 18, 2009
Nov 20, 2009
Currency Exchange Loss:
Aug 15, 2010