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Lerica M. has a "sari-sari" (variety store) to generate her daily income. She is 49 and married, living in Ospital, Aloran, Misamis Occidental. Out of five, three of her children are still in school. She joined Paglaum Multi-Purpose Cooperative to avail herself of its credit facilities & insurances. She availed herself of loans several times already. Now, she has applied for a loan of 50,000 PHP. The money will be used as additional capital for her store. She hopes to replace her present "sari-sari" store with a concrete one and she also plans to save for the education of her children.

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
  • 1429
    View loans »
    Philippines Loans Fundraising
  • $59,145,900
    Funds lent in using Kiva
  • 43.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Lerica to purchase additional capital.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Feb 17, 2011
Mar 8, 2011
Currency Exchange Loss:
Mar 15, 2012