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Criselda
Criselda C. is from the village of San Pedro. She is 41 years old, married and has 3 school-aged children. Criselda owns and operates a food stall, primarily selling cultured oyster products known as "talaba" in the local community. Criselda has been engaged in her business for over 6 years and earns approximately 3,500 PHP a month from it.

In 2008, Criselda joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Criselda has successfully repaid a previous loan of 14,000 PHP from PMPC, which was used to to purchase additional inventory and working capital. Criselda is requesting a new loan of 14,500 PHP which will be used to invest in expanding the business. This will be the 6th loan taken out by Criselda from PMPC. She plans to use the additional revenue generated from the business to improve her family's general living conditions.

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
  • 1462
    View loans »
    Philippines Loans Fundraising
  • $59,226,550
    Funds lent in using Kiva
  • 46.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Criselda to invest in expanding the business.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 23, 2010
Listed
Jul 9, 2010
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2011