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Percita
Percita S. is from the village of San Isidro, Jimenez, Misamis Occidental. She is 40 years old, is married, and has five school-aged children.

Percita sells ready-to-wear clothes to local community members. She has been engaged in her business for over two years and earns approximately 5,000 PHP a month.

In 2008, Percita joined PMPC to gain access to financial services to help improve her living situation and her ability to engage in business activities. She has successfully repaid a previous loan of 10,000 PHP from PMPC. This previous loan was used to to purchase additional products to sell.

Percita is requesting a new loan of 14,900 PHP which will be used to purchase additional inventory and used as working capital. This loan will be her 3rd 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 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
  • 1501
    View loans »
    Philippines Loans Fundraising
  • $59,196,250
    Funds lent in using Kiva
  • 46.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Percita to purchase additional inventory and to use as working capital.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 24, 2009
Listed
Dec 7, 2009
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2010