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Yolanda
Mrs. Yolanda C., 30 years of age, is the wife of Rolando C., an electrician. Her husband is the one who assembles the video game machines and videoke (amateur singing to a recorded music video background) machines and sells them to their customers.

Yolanda and Rolando are now living happily in Barangay III, Tangub City and are blessed with three children all of whom are now of school age.

The couple has run this video game and videoke machine-assembly business for already ten years. From the average of two units being assembled and sold, they are earning an average net income of P6,000 a month. With eight units of videoke machine and several video game machines operating in the city, they are also receiving an average share from all these units of not less than P5,000 every 15th and 30th day of the month.

Just this year, Yolanda joined Paglaum MPC because she is interested in our programs and services. With a good character and with capacity, she was given the privilege of obtaining a loan of P50,000 with the purpose of purchasing additional parts and accessories to assemble new video game units and to recondition all other old units for sale.

The future profits from this loan will be used to save for their children’s future and for their daily needs. The couple plans to expand their business to other cities and nearby municipalities.

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

  • $1175
    Average annual income
  • 340
    View loans »
    Philippines Loans Fundraising
  • $52,188,500
    Funds lent in using Kiva
  • 46.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Yolanda to purchase accessories amd parts for video game and videoke machine assembly.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 4, 2009
Listed
Dec 6, 2009
Currency Exchange Loss:
Possible
Ended:
May 15, 2010