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Lourdes
Mrs. Lourdes P. is from the village of Bigaan in Baliangao, Misamis Occidental. She is 62 years old. She is married and is blessed with 2 adult children. Lourdes buys and sells copra (dried coconut) in the local community.She has been engaged in her business for more than 20 years and earns approximately 10,000.00 PHP each month.

In 2003, Lourdes joined PMPC to access its programs and services. She has successfully repaid a previous loan from PMPC. Lourdes is requesting a new loan of 30,000.00 PHP to use as additional capital for her business.This will be Lourdes's 10th loan from PMPC. She plans to use the additional revenue generated from the business to improve her family's living conditions.



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
  • 1398
    View loans »
    Philippines Loans Fundraising
  • $59,123,575
    Funds lent in using Kiva
  • 46.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Lourdes additional capital for her business.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 21, 2009
Listed
Jan 4, 2010
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2010