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Merlyn
Merlyn T. is from Mahayag Zamboangan del Sur. She is 32 years old and married with three children. To make living, she manages her business, which is a sari-sari (variety retail) store. Her husband is a farmer and supports their daily basic needs. She has managed her business for more than two years, and she and her husband earn approximately 7,000 PHP a month.

She successfully repaid her previous loan of 8,000 PHP from PMPC. As of now, she has a new loan of 10,000 PHP from PMPC and this loan is intended for her to use as additional capital. Merlyn is on her third cycle of obtaining loans from PMPC.

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
  • 1473
    View loans »
    Philippines Loans Fundraising
  • $59,389,700
    Funds lent in using Kiva
  • 45.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Merlyn additional capital for her retail store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 16, 2010
Listed
Mar 22, 2010
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2010