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Nenita
Nenita V., age 55, is from the village of Binuangan. She and her husband have four children. To make a living, Nenita makes and sells clothing products to local businesses and community members. Nenita has been engaged in his business for over 35 years and earns approximately 10,000 PHP a month for these activities.

In 2010, Nenita joined PMPC to gain access to financial services. She hoped to help improve his living situation and increase his ability to engage in business activities. Nenita is requesting a new loan of 3,000 PHP, which will be used to purchase raw materials to manufacture additional products. This loan will be the first loan taken out by Nenita 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
  • 1126
    View loans »
    Philippines Loans Fundraising
  • $54,578,425
    Funds lent in using Kiva
  • 43.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $75 helped Nenita to purchase raw materials to manufacture additional clothing products.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 5, 2010
Listed
Oct 13, 2010
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2011