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Lucille
Lucille T. is from the village of Butuay. She is 40 years old. Lucille is married and has 1 adult child. To make a living, Lucille owns & operates a health & medical business venture. The main source of income for the business comes from selling health & medicinal products in the local community. Lucille has been engaged in her business for over 5 years and earns approximately 4500 PHP a month for these activities.



In 2004, Lucille joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Lucille has successfully repaid a previous loan from PMPC. Lucille is requesting a new loan of 50,000 PHP which will be used to purchase construction materials for their house renovation. This will be the 3rd loan taken out by Lucille from PMPC. She plans to use the additional revenue generated from the business to improve/expand her business.



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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Philippines

  • $1175
    Average annual income
  • 283
    View loans »
    Philippines Loans Fundraising
  • $52,723,450
    Funds lent in using Kiva
  • 46.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Lucille for house renovation.
100% repaid
Repayment Term
37 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 17, 2009
Listed
Jan 1, 2010
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012