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Lito
Lito is 45 years old and lives in Lamao, Liloy, Zamboanga del Norte. He is married with 5 children.

Lito works in the fishing industry and sells/catches fish for living. He has been doing this for 10 years. He has requested loan of PHP50,000 to purchase fishnets and a fishing boat for her fishing business.

Lito has been a member of PMPC for more than 1 year. In the future, Lito hopes to expand his business.

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
  • 282
    View loans »
    Philippines Loans Fundraising
  • $52,850,000
    Funds lent in using Kiva
  • 43.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Lito to purchase fishing net and a fishing boat for her fishing business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 15, 2011
Listed
Nov 22, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012