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Alfredo
Alfredo S., from the village of Palilan, Jimenez, Misamis Occidental, is 75 years old, married, and has four adult-aged children. To make a living, Alfredo owns and operates a general store selling a variety of products in the local community. Engaged in his business for over 10 years, he earns approximately 5000 PHP a month.



In 2007, Alfredo joined PMPC to gain access to financial services to help improve his living situation and ability to engage in business activities. Having repaid his previous loan of 15000 PHP from PMPC that was used to purchase additional products to sell, he is requesting a new loan, his seventh, of 15000 PHP which will be used to purchase additional inventory and as working capital. Alfredo plans to use the additional revenue generated from the business to save as a reserve for future emergencies.



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 Partners 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
  • 237
    View loans »
    Philippines Loans Fundraising
  • $53,065,125
    Funds lent in using Kiva
  • 45.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Alfredo to purchase additional inventory and use as working capital.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 15, 2010
Listed
Jul 1, 2010
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2012