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Shirley

Success!! The loan was 100% repaid

A loan of $125 helped Shirley to purchase additional inventory & as working capital.

100% repaid
Repayment Term:
8 months (more info)
Repayment Schedule:
Monthly
Pre-Disbursed:
Nov 13, 2009
Listed
Dec 6, 2009
Currency Exchange Loss:
Possible
Default Protection
Covered
Ended:
Jan 15, 2010
Shirley A. is from the village of Casusan. She is 46 years old. Shirley is married and has 3 school-aged children. Shirley owns & operates a flower business, selling orchids & other flowers to the local community. Shirley has been engaged in her business for over four years and earns approximately 4,500 Philippine pesos (PHP) a month.

In 2004, Shirley joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Shirley is requesting a new loan of 5,000 PHP which will be used to purchase additional inventory & as working capital. This loan will be her 12th loan 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 this loan

About Paglaum Multi-Purpose Cooperative

Paglaum Multi-Purpose Cooperative (PMPC), located in northwestern Mindanao, provides savings, credit, and other valuable services to the region’s enterprising poor. Founded in 1992, PMPC has grown to serve 40,000 members from its 14 branches and satellite offices. In 2010, the first branch was opened outside of the Mindanao region, where PMPC primarily operates. Among other awards in 2010, PMPC received recognition as an Outstanding Microfinance Cooperative from the Land Bank of the Philippines and received the Credit Union Microfinance Innovation Performance Award from the ACCU, an association of Asian credit unions.

About the Country

Country:
Philippines
Average Annual Income:
$1175
Currency:
Philippines Pesos (PHP)
Exchange Rate:
46.5450 PHP = 1 USD
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