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Rico is 45 years old and lives in Panalsalan, Plaridel, Misamis Occidental. He is married with four children.

Rico works in the fish industry and catches fish for a living. He has been doing this for 35 years. He has requested a loan of PHP 15,000 to purchase a fishing boat.

Rico has been a member of PMPC for four years.

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
  • 806
    View loans »
    Philippines Loans Fundraising
  • $63,360,225
    Funds lent in using Kiva
  • 42.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Rico to purchase a fishing boat.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Oct 26, 2011
Nov 10, 2011
Currency Exchange Loss:
Aug 15, 2012