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Our business in life is not to get ahead of others, but to get ahead of ourselves (E. Joseph Cossman). Mr. Petrocilo has been a businessman for fifteen years. He is married, residing at Barangay 2, Tangub City, Misamis Occidental. He has been blessed with two children of school age.

Mr. Petrocilo is a member in Paglaum Multi-Purpose Cooperative and has borrowed money for additional business capital. He earns PHP 12,000.00 monthly in his business as profit.

Therefore, Mr. Petrocilo improves his living conditions with the use of the business profits.

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
  • 1523
    View loans »
    Philippines Loans Fundraising
  • $59,096,650
    Funds lent in using Kiva
  • 42.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Petrocilo to have additional business capital.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Feb 29, 2012
Feb 29, 2012
Currency Exchange Loss:
Sep 15, 2012