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Veronica
Mrs. Veronica S. is from the village of Bacolod, Ozamiz City. She is 36 years old, is married, and has one infant and two school-aged children.

Veronica owns and operates a sari-sari (variety) store selling home products. She has been engaged in her business for three years and earns approximately 2,000 PHP a month.

In 2009, she joined PMPC to gain access to financial services to help improve her living situation and her ability to engage in business activities. Veronica is requesting a loan of 5,000 PHP which will be used to purchase additional products for her retail store. This loan will be her first loan from PMPC. She plans to use the additional revenue generated from the business to improve the general living condition of her family and to save for future emergencies.


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
  • 1306
    View loans »
    Philippines Loans Fundraising
  • $57,866,175
    Funds lent in using Kiva
  • 46.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Veronica to buy more groceries for her store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 19, 2009
Listed
Dec 6, 2009
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2010