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Elsa
Elsa S. is from the village of Calaca-an. She is 66 years old. Elsa is married and has 3 adult children. To make a living, Elsa cultivates rice to sell. Elsa has been engaged in her farming business for over 6 years and earns approximately 7,000 PHP a month.

In 2000, Elsa joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. She has successfully repaid a previous loan of 20,000 PHP from PMPC. This previous loan was used to purchase fertilizers such as manure.

Elsa is requesting a new loan of 10000 PHP, which will be used to pay for services to increase her crop yield. This loan will be the 15th loan taken out by Elsa from PMPC. She plans to use the additional revenue generated from the business to improve the general living conditions for 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
  • 1525
    View loans »
    Philippines Loans Fundraising
  • $56,611,950
    Funds lent in using Kiva
  • 44.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Elsa to pay for services to increase crop yield.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 21, 2011
Listed
Feb 3, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2011