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Manuela
Manuela K. is 56 years old, married and has six adult-aged children. She is from the village of Magsaysay, a part of Baliangao municipality, Misamis Occidental province on the northern Mindanao islands. Manuela grows rice to sell. She has been in business for fifteen years and earns a monthly net income of 4000 PHP.


In 2003, Manuela joined PMPC to gain access to its financial services. She successfully repaid a previous loan of 2,000 PHP from PMPC that was used for personal purposes. Manuela is requesting a new loan, her ninth from PMPC, of 8,000 PHP that will be used to purchase fertilizer for her farm.


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 one-on-one translations of entrepreneur profiles are costly, Kiva created this template for our Field Partner to allow it 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
  • 384
    View loans »
    Philippines Loans Fundraising
  • $50,811,475
    Funds lent in using Kiva
  • 43.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Manuela to purchase fertilizer for her farm.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 19, 2010
Listed
Oct 27, 2010
Currency Exchange Loss:
Possible
Ended:
May 23, 2011