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Lorna
Lorna is 38 years old and lives in Pulot, Ozamiz City. She is married with three school-age children.



She operates a store where she sells secondhand and recycled goods. She typically earns approximately 4,000 PHP every month. She explains that she has been running this business for almost five years.



She has requested a loan in the amount of 7,000 PHP to purchase additional recycled materials for her business. Lorna hopes to become successful through her business operations and to expand her business in the neighboring towns of Ozamiz City.

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
  • 1330
    View loans »
    Philippines Loans Fundraising
  • $57,861,200
    Funds lent in using Kiva
  • 42.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $175 helped Lorna to expand her business by purchasing additional recycled materials.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 17, 2012
Listed
Aug 27, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013