Check out some available loans that are similar to this one!
Lolita
Lolita L. is from the village of Upper Loboc. She is 50 years old. Lolita is married and has an adult child. To make a living, Lolita owns and operates a "lechon" (roasted pig) business. The main source of income for the business comes from providing "lechon" to local community members. Lolita has been engaged in her business for over 10 years and earns approximately 15,000 Philippine pesos a month for this activity.

In 2009, Lolita joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Lolita has successfully repaid a previous loan from PMPC, a Kiva partner.

Lolita is requesting a new loan of 25,000 PHP, which will be used to purchase additional inventory and working capital. This will be the fourth loan taken out by Lolita from PMPC. She plans to use the additional revenue generated from the business to improve the general living conditions of her family.

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
  • 1354
    View loans »
    Philippines Loans Fundraising
  • $56,542,450
    Funds lent in using Kiva
  • 45.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Lolita to purchase additional inventory and working capital.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 16, 2010
Listed
Apr 1, 2010
Currency Exchange Loss:
Possible
Ended:
Mar 24, 2011