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Hospe
Hospe L. is from the town of Palilan, Jimenez Mis. Occ. Philippines. She is 49 years old. Hospe is married and has 4 school-aged children. To make a living, Hospe owns & operates a business venture in the retail sector running a general store. While not the only means for generating revenue, the main source of income for the business comes primarily from selling a variety of products in the local community. Hospe has been engaged in her business for over 20 years and earns approximately 1,500 PHP a month for these activities.

In 2004, Hospe joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Hospe has successfully repaid a previous loan of 30,000 PHP from PMPC. This previous loan was used to to invest in renovating the business. Hospe is requesting a new loan of 50,000 PHP which will be used to purchase additional products to sell. This loan will be the 9th loan taken out by Hospe from PMPC. She plans to use the additional revenue generated from the business to pay the tuition fees of her children.

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
  • 1404
    View loans »
    Philippines Loans Fundraising
  • $59,122,500
    Funds lent in using Kiva
  • 43.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Hospe to purchase additional products to sell.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 21, 2010
Listed
Nov 13, 2010
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2012