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Nilda
Nilda is from the village of Canubay, Oroquieta City. She is 33 years old, married and has four children. To make a living, Nilda runs a business venture in the retail sector operating a general store.

Nilda earns approximately 6,000 Philippines pesos (PHP) a month for these activities. Nilda 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 3,000 PHP from PMPC.

Nilda is requesting a new loan of 5,000 PHP with which she will purchase a variety of products such as shampoo, can goods etc. . This will be the second loan taken out by Nilda from PMPC. She plans to use the additional revenue generated from the business to improve/expand her business.

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
  • 290
    View loans »
    Philippines Loans Fundraising
  • $53,225,600
    Funds lent in using Kiva
  • 43.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Nilda to purchase a variety of products such as shampoo, can goods etc.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 21, 2011
Listed
Apr 26, 2011
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2011