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Irene
Irene P. is from the village of Upper Centro,Tudela, Misamis Occidental. She is 50 years old and married with two adult children. To make a living, Irene owns a general store selling a variety of different products. Irene has been engaged in her business for over 25 years and earns approximately 5000 PHP a month.

In 2005, Irene joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Irene has successfully repaid a previous loan of 30000 PHP from PMPC. This previous loan was used to to purchase additional products to sell. Irene is requesting a new loan of 50000 PHP which will be used to purchase additional inventory and working capital. This loan will be the 7th loan taken out by Irene from PMPC. She plans to use the additional revenue generated from the business to improve and expand the her business.

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
  • 1285
    View loans »
    Philippines Loans Fundraising
  • $57,910,775
    Funds lent in using Kiva
  • 45.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Irene to purchase additional inventory and working capital.
100% repaid
Repayment Term
19 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 30, 2010
Listed
Jun 1, 2010
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2011