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Maximo is married, with 4 children. Maximo is 60 years old and lives in Valconcha St Aguada, Ozamiz City.
To earn a living, Maximo has a boarding house business. He has had this business for 8 years. Each month, he earns approximately PHP 20,000. He has requested a loan of 50,000 PHP to purchase equipment for his boarding house business. Maximo has been a member of PMPC for 4 years.
In the future, Maximo hopes to improve his living conditions.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Philippines

  • $7,000
    Average annual income
  • 1905
    View loans »
    Philippines Loans Fundraising
  • $61,096,775
    Funds lent in using Kiva
  • 43.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Maximo to purchase equipment for his boarding house business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Sep 29, 2011
Oct 28, 2011
Currency Exchange Loss:
Oct 15, 2012