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Mildred T. is from the village of Lam-an, Ozamiz City, Misamis Occidental. She is 30 years old. Mildred is married and has one school-age child. To make a living, Mildred owns and operates a photocopying business. She has been engaged in her business for more than two years and earns approximately 5000 PHP a month for these activities.

In 2010, Mildred joined PMPC to gain access to financial services to help improve her business and living situation. Mildred has successfully repaid a loan of 25000 PHP. She is now requesting a new loan of 30000 PHP, which will be used to purchase a Xerox machine. She plans to use the additional revenue generated from the loan 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

  • $7,000
    Average annual income
  • 1182
    View loans »
    Philippines Loans Fundraising
  • $63,443,275
    Funds lent in using Kiva
  • 42.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Mildred to purchase an additional photocopying machine.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Oct 8, 2010
Nov 8, 2010
Currency Exchange Loss:
Nov 15, 2011