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Maria
Mrs. Maria S. is from the village of Bitibut, Sapang Dalaga, Misamis Occidental. She is 64 years old, is married, and is blessed with five adult children.

Maria owns and operates a specialized retail store selling dried goods and grocery items in the local community. She has been engaged in her business for more than seven years, earning Php 6,000 monthly net income.

In 2000, Maria joined PMPC to access its programs and services. Currently, she's obtaining her 12th loan in the amount of Php 50,000 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
  • 1308
    View loans »
    Philippines Loans Fundraising
  • $58,008,825
    Funds lent in using Kiva
  • 46.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Maria to use as additional capital for her business.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 27, 2009
Listed
Nov 20, 2009
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2010