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Norma
Mrs. Norma L. is from Molave Zamboanga del Sur. She is 60 years old, widowed, with 2 children. To make living she operates her sari-sari store to have an income. While not the only means for generating revenue, the main source of income comes primarily from her farm. She has operated her business for more than 2 years and earns approximately 5,000 a month.

She joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Norma has successfully repaid her previous loan of 7,000 taken from PMPC. This previous loan was used to invest in expanding the business. Norma is requesting a new loan of 10,000 which will be used to purchase additional items to be sold. This will be her 4th cycle of loans 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
  • 1162
    View loans »
    Philippines Loans Fundraising
  • $54,909,650
    Funds lent in using Kiva
  • 44.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Norma to use as additional capital for her sari-sari store.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 16, 2010
Listed
Apr 8, 2010
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2010