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Rico
Rico, 37, is married with two children and lives in Lambojon, Siquijor, Siquijor.

Rico sells spare parts for motors to earn a living and has had this business for one year. Each month, he earns PHP 8,000.

He has requested a loan of 30000 to purchase more spare parts to sell.

Rico has been a member of Paglaum Multi Purpose Cooperative for one year. In the future, Rico 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
  • 299
    View loans »
    Philippines Loans Fundraising
  • $50,698,750
    Funds lent in using Kiva
  • 41.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Rico to purchase more spare parts to sell.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 29, 2012
Listed
Jul 21, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013