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A brave and gorgeous entrepreneur at the age of 35, living in Migcanaway, Tangub City, is what Loreta A. is. She is married to Jack A., an OFW (Overseas Filipino Worker).

Upon hearing the good news of Paglaum MPC being one of the most outstanding cooperatives in Northern Mindanao and the awarded coop for being “Most Outstanding Cooperative in the Philippines” during the search for COOP-LGU Partnership Award 2006, Loreta joined the cooperative last year.

Since business is her art in life, she opened up a sari-sari (variety) store that helps in meeting their daily needs in life with an average net income since 2008 of not less than P200 a day.

To make her dreams in life fully achieved, Loreta started another business: she opened up an Internet Café with ten computers. By doing that, she got a bulls-eye income of not less than P3,000 a month which she said is so helpful to their family income.

With a good credit record, Loreta was given the privilege of obtaining P50,000 as her 2nd loan. This she will use to add to her business capital and the remaining amount for the placement fee for her husband in applying abroad.

Loreta is hoping that her business will become more progressive and her husband will be successful in his application to work abroad.

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
  • 1409
    View loans »
    Philippines Loans Fundraising
  • $59,122,500
    Funds lent in using Kiva
  • 45.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Loreta to purchase computer accessories and to pay her husband's placement fee.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Mar 10, 2010
Mar 21, 2010
Currency Exchange Loss:
Apr 15, 2011