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Romelyn
Romelyn J. is from the city of Dipolog. She is 30 years old. Romelyn is married and has 3 school-aged children. To make a living, Romelyn owns and operates a furniture making business. While not the only means for generating revenue, the main source of income for the business comes primarily from making and selling general household furniture to local businesses and community members. Romelyn has been engaged in her business for over 2 years and earns approximately PHP10,000 gross a month for these activities.

In 2008, Romelyn joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Romelyn has successfully repaid a previous loan of PHP8,000 from PMPC. This previous loan was used to to purchase additional raw materials to expand product offerings. Romelyn is requesting a new loan of PHP13,000, which will be used to purchase additional raw materials to expand product offerings. This loan will be the 2nd loan taken out by Romelyn from PMPC. She plans to use the additional revenue generated from the business to improve/expand her business.

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
  • 1034
    View loans »
    Philippines Loans Fundraising
  • $57,757,925
    Funds lent in using Kiva
  • 45.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Romelyn to purchase additional raw materials to expand product offerings.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 11, 2010
Listed
Sep 2, 2010
Currency Exchange Loss:
Possible
Ended:
Mar 24, 2011