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Estrellita
Estrellita T. is from Turno, Dipolog City. She is 42 years old and married. To make a living, Estrellita owns & operates a specialized retail store. The main source of income for the business comes from selling clothes, bags & shoe products in the local community. Estrellita has been engaged in her business for over 1 year and earns approximately 5,000 PHP a month.

In 2010, Estrellita joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. She is requesting a new loan of 50,000 PHP, which will be used to purchase additional inventory and as working capital. This will be Estrellita’s 1st loan 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

  • $7,000
    Average annual income
  • 1307
    View loans »
    Philippines Loans Fundraising
  • $58,008,825
    Funds lent in using Kiva
  • 44.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Estrellita additional inventory & working capital.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 21, 2010
Listed
May 6, 2010
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2010