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Marites
Marites B. is from the village of Napilan, Sapang Dalaga. She is 29 years-old and married with one school-aged child. To make a living, Marites owns and operates a general store. While not the only means for generating revenue, the main source of income for the business comes from the selling of dry goods in the local community. Marites has been engaged in her business for over six years and earns approximately 1,500 PHP a month.

In 2006, Marites joined Kiva partner PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Marites has successfully repaid a previous loan of 2,000 PHP from PMPC. This previous loan was used for personal purposes. Marites is requesting a new loan of 14,900 PHP which will be used to provide additional capital for her business. This loan will be the eight loan taken out by Marites from PMPC.

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

  • $1175
    Average annual income
  • 316
    View loans »
    Philippines Loans Fundraising
  • $52,723,450
    Funds lent in using Kiva
  • 46.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Marites to provide additional capital.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 29, 2010
Listed
Jul 9, 2010
Currency Exchange Loss:
Possible
Ended:
Jul 20, 2011