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Vanessa Claire
A seaman’s wife with a passion for cooking and food processing is our featured entrepreneur in this story. She is Mrs. Vanessa Claire L., 29 years of age, married and a resident of Maloro, Tangub City. They were blessed with two children, one who is now three years old and the other only nine months.

Vanessa is skilled at cooking, so she decided to open a restaurant at the city food court. At the same time, she provides catering services for birthdays, weddings, anniversaries and other occasions.

For her, it is better to earn on her own rather than depending on her husband’s allotment every month. For seven years she has been able to manage her business, and now she is earning an average net income of not less than $220 a month.

She joined PAGLAUM MPC two years ago because she is very much interested in our products and services and in our being one of the most outstanding cooperatives in Northern Mindanao. Paglaum MPC received an award for being the Most Outstanding Cooperative in the Philippines during the search for the COOP-LGU Partnership Award 2006.

As a 5th cycle loaner, Vanessa has the privilege of borrowing 50,000 PHP to add to her capital for her eatery business and catering services. She is hoping that her business will continue to prosper. She is also happy that she was able to give employment to jobless friends and relatives.

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
  • 1499
    View loans »
    Philippines Loans Fundraising
  • $59,196,250
    Funds lent in using Kiva
  • 45.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Vanessa Claire additional capital for her eatery business and catering services.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 22, 2009
Listed
Jan 14, 2010
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2011