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Genesis
Genesis P. is from the village of Tabid, Ozamiz City, Misamis Occidental. He is 34 years old and married, with 1 school-aged child. To make a living, Genesis owns and operates a poultry business. Genesis has been engaged in his business for more than 2 years and earns approximately 30,000 PHP a month for these activities.

Genesis joined PMPC this year to gain access to financial services to help improve his living situation and ability to engage in business activities. Genesis is requesting a loan of 50,000 PHP which will be used to purchase additional feed and chicks to be raised. He plans to use the additional revenue generated to improve his 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

  • $1175
    Average annual income
  • 1162
    View loans »
    Philippines Loans Fundraising
  • $54,909,650
    Funds lent in using Kiva
  • 46.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Genesis to purchase additional feed and chicks.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 16, 2010
Listed
Feb 23, 2010
Currency Exchange Loss:
Possible
Ended:
Mar 24, 2011