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Lenie
Mrs. Lenie N. is from Molave, Zamboanga del Sur. She is 37 years old, married, and has nine children. To make a successful life, the family operates a furniture and fixtures business. Lenie and her husband have personally managed the business for more than three years and earn approximately 20,000 PHP a month.The couple has successfully set up display centers in the nearby municipalities.

Lenie is applying for a loan of 50,000 PHP as additional working capital to open a new branch of the business. She plans to use the excess to purchase additional equipment. She deeply wishes to maintain a good repayment record with Kiva partner PMPC so that when financial need arises, she can always seek help from the cooperative.

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

  • $1175
    Average annual income
  • 890
    View loans »
    Philippines Loans Fundraising
  • $54,399,900
    Funds lent in using Kiva
  • 45.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Lenie as additional working capital to open a new branch of her furniture and fixtures business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 13, 2010
Listed
Jan 21, 2010
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2011