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Virginia
Virginia A. is from the village of Paglaum, Dumalinao, Zamboanga del Sur. She is 37 years old, is married, and has two school-aged children.

Virginia owns and operates a specialized retail store, selling daily-use products such as shampoo, soap and toothpaste in the local community. She has been engaged in her business for over three years and earns approximately 12,000 PHP a month.

In 2007, Virginia 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 14,000.00 PHP from PMPC. This previous loan was used to to invest in expanding her business.

Virginia is requesting a new loan of 25,000 PHP which will be used to purchase new items to expand her product offering. This loan will be her 5th 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
  • 1321
    View loans »
    Philippines Loans Fundraising
  • $57,936,400
    Funds lent in using Kiva
  • 46.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Virginia to purchase new items to expand her product offering.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 27, 2009
Listed
Dec 23, 2009
Currency Exchange Loss:
Possible
Ended:
Apr 19, 2010