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Jovelyn
Jovelyn is from the village of Lower Lamac, Oroquieta City. She is 30 years old, married and has four adult children. To make a living, Jovelyn runs a business selling fish in the local community. Jovelyn has been engaged in her business for 2 years and earns approximately 3,000 PHP a month.

Jovelyn joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. She is requesting a new loan of 14,000 PHP with which she will purchase more fish to sell. This loan will be the second loan taken out by Jovelyn from PMPC. She plans to use the additional revenue generated from the business to improve and 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
  • 834
    View loans »
    Philippines Loans Fundraising
  • $54,407,775
    Funds lent in using Kiva
  • 43.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Jovelyn to purchase more fish to sell.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 12, 2011
Listed
Apr 25, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2012