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Mrs. Joebel B. is from the village of Baybay Triunfo, Ozamiz City, Misamis Occidental. She is 53 years old. Joebel is married and has four school-aged children. To make a living, Joebel owns and operates a mini-grocery and restaurant business. Joebel has been engaged in her business for over 10 years and earns approximately 5,000 PHP a month for these activities.

In 2008, Joebel joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Joebel has successfully repaid a loan of 35,000 PHP. Joebel is now requesting a new loan of 35,000 PHP which will be used to buy additional grocery stock. She plans to use the additional revenue generated from the business to improve the general living conditions of her family especially in meeting their basic needs, saving for future use, loan repayment and education 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
  • 876
    View loans »
    Philippines Loans Fundraising
  • $63,400,500
    Funds lent in using Kiva
  • 43.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Joebel to purchase additional grocery stock.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Apr 7, 2011
Apr 18, 2011
Currency Exchange Loss:
Sep 15, 2012