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Lorena
Lorena is 42 years old and lives in Jimenez, Misamis Occidental. She is married with two children.

Lorena has a shop that sells gasoline. She has had this business for 10 years. She requested a loan of 50,000 to purchase more barrels of gasoline.

Lorena has been a member of PMPC for four years. In the future, Lorena hopes to expand the business to a nearby municipality.

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
  • 1288
    View loans »
    Philippines Loans Fundraising
  • $57,866,175
    Funds lent in using Kiva
  • 42.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Lorena to purchase more barrels of gasoline.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 28, 2011
Listed
Aug 15, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013