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Rosa
Rosa D. is from the village of Lobogon. She is 58 years old, married, and has five adult-aged children. To make a living, Rosa owns and operates a fish-selling business in the food sector. The main source of income for the business comes from selling ocean-caught fish in the local community. Rosa has been engaged in her business for over 12 years and earns approximately 6,000 PHP a month from these activities.

In 2009, Rosa joined Kiva partner PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Rosa is requesting a new loan of 10,000 PHP, which will be used to to invest in expanding the business. This loan will be her thirteenth from PMPC. She plans to use the additional revenue generated from the business to financially support immediate members of her family.


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

  • $1175
    Average annual income
  • 1136
    View loans »
    Philippines Loans Fundraising
  • $54,649,075
    Funds lent in using Kiva
  • 46.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Rosa to invest in expanding the business.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 14, 2010
Listed
Jan 22, 2010
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2010