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Mrs. Segunda N. is from the village of Magcamiguing, Calamba in Misamis Occidental. She is 42 years old. She is married and blessed with four school-age children. She owns and operates a business selling a variety of food products in the local community. In 2008, she joined Paglaum Multi-Purpose Cooperative (PMPC) to gain access to its programs and services. She has been engaged in her business for more than 20 years, and she earns 8,000 PHP monthly from her business. Segunda is requesting a new loan of 50,000 PHP, which will be used for additional capital in her existing business. This loan will be the third loan taken out by Segunda from PMPC. She plans to use the additional revenue generated from the business to improve/expand her business.

About PMPC:

Paglaum Multi-Purpose Cooperative 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
  • 862
    View loans »
    Philippines Loans Fundraising
  • $63,390,150
    Funds lent in using Kiva
  • 45.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Segunda as additional capital for a sari-sari store (general store).
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Dec 15, 2009
Jan 8, 2010
Currency Exchange Loss:
Apr 15, 2010