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Romeo
Romeo E. is from the village of Tubod. He is 41 years old. Romeo is married and has three school-aged children. To make a living, Romeo owns & operates a business planting & harvesting coconut for sale. Romeo has been engaged in his business for over 10 years and earns approximately 3,000 PHP a month for these activities.

In 2008, Romeo joined PMPC to gain access to financial services to help improve his living situation and ability to engage in business activities. Romeo has successfully repaid a previous loan from PMPC. Romeo is requesting a new loan of 14,900 PHP, which will be used to invest in expanding the business. This loan will be the fourth loan taken out by Romeo from PMPC. He plans to use the additional revenue generated from the business to improve the general living conditions of his family.

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
  • 994
    View loans »
    Philippines Loans Fundraising
  • $54,483,000
    Funds lent in using Kiva
  • 45.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Romeo to invest in expanding the business.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 5, 2010
Listed
Aug 6, 2010
Currency Exchange Loss:
Possible
Ended:
Jun 22, 2011