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Vilma
Vilma L., aged 40, is from the village of Gata, Jimenez, Misamis Occidental. She is married and has two adult children. To make a living, Vilma owns and operates a general store. While not the only means for generating revenue, the main source of income for the business comes from selling a variety of different products in the local community. Vilma has been engaged in her business for over two years and earns approximately 4000 PHP a month from these activities.

In 2008, Vilma joined PMPC to gain access to financial services to help improve her living situation and her ability to engage in business activities. She has successfully repaid a previous loan of 14900 PHP from PMPC which was used to purchase additional products to sell. Vilma is requesting a new loan of 40000 PHP which will be used to invest in expanding the business. This will be the fifth loan she has taken out from PMPC. She plans to use the additional revenue generated to improve/expand her business.

About PMPC:

Paglaum Multi-Purpose Cooperative (PMPC) is one of the most progressive cooperatives in north-western 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
  • 1214
    View loans »
    Philippines Loans Fundraising
  • $57,777,750
    Funds lent in using Kiva
  • 45.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Vilma to invest in expanding the business.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 30, 2010
Listed
May 31, 2010
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2011