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Margie M. is from the barangay of Sta. Cruz, Tangub City, Misamis Occidental. She is 31 years of age, married to Camilo M., a motorcycle for hire driver, with an average income of 150 Philippine pesos (PHP) daily. They were blessed with one infant child. Margie operates a sari-sari (general) store and dried fish dealing business. Aside from that, she is earning support from her husband especially in terms of their basic needs. Her main source of income comes from her sari-sari store and dried fish dealing business. Margie has been engaged in this kind of business for over five years and earns approximately 2,500 PHP a month from it.

In 2008, Margie joined PMPC to gain access to financial services to help improve her living situation and ability to do business. Margie has successfully repaid a previous loan of 15,000 PHP from PMPC. Margie is now requesting a new loan of 30,000 PHP which will be used to add to her capital for her sari-sari store and dried fish dealing business. The remaining amount also will be used for house renovation. This will be the fifth loan taken out by Margie from PMPC. She plans to use the additional revenue generated from the business to improve the general living conditions of her family and savings for her child education in the future.

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
  • 690
    View loans »
    Philippines Loans Fundraising
  • $63,147,100
    Funds lent in using Kiva
  • 45.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Margie additional capital for general store and dried fish vending businesses; home renovation.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
May 28, 2010
Aug 1, 2010
Currency Exchange Loss:
Jun 15, 2011