Check out some available loans that are similar to this one!
Erlinda
Erlinda T. is from the village of Bato. She is 53 years old. Erlinda is married and has 1 adult-aged child. To make a living, Erlinda owns and operates a business venture in the food sector making and selling food. While not the only means for generating revenue, the main source of income for the business comes primarily from selling snacks and other delicacies in the local community. Erlinda has been engaged in her business for over 5 years and earns approximately 5,000 PHP a month for these activities.

In 2005, Erlinda joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Erlinda has successfully repaid a previous loan of 20,000 PHP from PMPC. This previous loan was used to to purchase additional inventory and working capital. Erlinda is requesting a new loan of 20,000 PHP, which will be used to invest in expanding the business. This loan will be the 10th loan taken out by Erlinda from PMPC. She plans to use the additional revenue generated from the business to improve the general living conditions of her 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
  • 943
    View loans »
    Philippines Loans Fundraising
  • $53,488,575
    Funds lent in using Kiva
  • 44.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Erlinda to invest in expanding her business.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 18, 2010
Listed
Sep 16, 2010
Currency Exchange Loss:
Possible
Ended:
Jul 16, 2011