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Nida
Nida B. is 40 years old and lives in the village of Highway Lawis with her husband and their three school-aged children. To earn a living, she makes furniture for local businesses and her neighbors. Nida has been in this business for over 12 years and earns approximately 7,000 PHP a month from her work.

In 2000, she joined PMPC to gain access to financial services to help improve her life and ability to engage in business. She has successfully repaid eleven previous loans, and has applied for a new loan to buy supplies she needs to make more furniture. She plans to use the additional revenue generated by her business to improve her 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
  • 273
    View loans »
    Philippines Loans Fundraising
  • $53,061,525
    Funds lent in using Kiva
  • 45.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Nida to buy raw materials for making furniture.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 17, 2010
Listed
Mar 26, 2010
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2011