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Marjoren
Marjoren is from the village of Lopez Jaena, Misamis Occidental. She is 32 years old. Marjoren is married and has two school-aged children. To make a living, Marjoren owns & operates a general store selling a variety of different products in the local community. Marjoren has been engaged in her business for over two years and earns approximately 5,000 PHP a month for these activities.

In 2008, Marjoren joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Marjoren has successfully repaid a previous loan of 30,000 PHP from PMPC. Marjoren is requesting a new loan of 40,000 PHP to purchase more products such as shampoo, toothpaste and soap. This loan will be the sixth loan taken out by Marjoren 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
  • 1030
    View loans »
    Philippines Loans Fundraising
  • $54,528,050
    Funds lent in using Kiva
  • 43.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Marjoren to purchase more products such as shampoo, toothpaste and soap.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 29, 2011
Listed
May 28, 2011
Currency Exchange Loss:
Possible
Ended:
May 18, 2012