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Michael Angelo
Michael Angelo is from Dicayas, Dipolog City. He is 34 years old, married and has two children. Michael Angelo is just starting this business, an eatery.

This is his first time taking a loan, and he is availing himself of 50,000 PHP taken out from PMPC which will be used to purchase more raw ingredients for his eatery business. He plans to use the additional revenue generated from the business to improve his family's general living conditions.

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
  • 1491
    View loans »
    Philippines Loans Fundraising
  • $59,226,550
    Funds lent in using Kiva
  • 41.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Michael Angelo to purchase more raw ingredients for his eatery business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Aug 29, 2012
Sep 30, 2012
Currency Exchange Loss:
Sep 17, 2013