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Lolita
Lolita R. is from the village of Dicayas. She is 28 years old, is single, and has three school-aged children.

Lolita owns and operates a seafood stall, selling seafood products including fish and shrimp in the local community. She has been engaged in her business for over five years and earns approximately 4,000 PHP a month.

In 2008, Lolita joined PMPC to gain access to financial services to help improve her living situation and her ability to engage in business activities. She has successfully repaid a previous loan of 10,000 PHP from PMPC. This previous loan was used to purchase materials for house repair.

Lolita is requesting a new loan of 12,000 PHP which will be used to repair a transport vehicle used in her business. This loan will be her 4th from PMPC. She plans to use the additional revenue generated from the business to improve and expand her business.


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
  • 1312
    View loans »
    Philippines Loans Fundraising
  • $56,485,200
    Funds lent in using Kiva
  • 45.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $275 helped Lolita to repair a transport vehicle used in her business.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 23, 2010
Listed
Mar 22, 2010
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2010