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Wennie
Mrs. Wennie T. is from the barangay of Bagumbang, a part of Bonifacio municipality in Misamis Occidental province on the northern Mindanao islands. She is 40 years of age and married to Sanny T. who is a driver. She is blessed with three children of whom one is already an adult while the other two are still school age. She is presently engaged in wholesaling and retailing fresh eggs. She’s been in this business for ten years and earns approximately 2,400 PHP a month.


In 2009 Wennie joined PMPC to gain access to its financial services. Wennie is an active member of PMPC under the Regular Loan program and has successfully repaid a 15,000 PHP loan. She is requesting a second loan in the amount of 15,000 PHP to be used as additional capital for her business. She plans to use all revenue generated from the business to improve the general living conditions of her family especially in meeting their basic needs and for savings, loan repayments, insurance, her children’s education and possible business expansion.

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
  • 267
    View loans »
    Philippines Loans Fundraising
  • $53,116,700
    Funds lent in using Kiva
  • 45.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Wennie for capital for fresh egg wholesaling and retailing business.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 16, 2010
Listed
Sep 2, 2010
Currency Exchange Loss:
Possible
Ended:
Jul 26, 2011