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Marianita
Marianita P. is from the village of Southwestern. She is 38 years-old and married with five adult children. To make a living, Marianita sells ready-to-wear items. Through this activity she is able to earn a monthly net income of about to 1,600.00. She has been doing her business for more than two years.

In 2001, Marianita joined Kiva partner PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Marianita has successfully repaid a previous loan of 30,000 PHP from PMPC. This previous loan was used as additional capital for her business . Marianita is requesting a new loan of 50,000 PHP which will be used to purchase new stock. This loan will be the 11th loan taken out by Marianita from PMPC.

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
  • 306
    View loans »
    Philippines Loans Fundraising
  • $52,087,775
    Funds lent in using Kiva
  • 44.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Marianita to provide additional capital.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 23, 2010
Listed
Apr 13, 2010
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2011