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Marietta
Marietta is a new recognized member of PMPC under the individual program. She is 44 years of age and married with two adult-age children. Her major business is a sari-sari (variety) store for selling a variety of basic commodities. She has operated the business for two years, having a monthly income of 4,000 Php (Philippines pesos).

She decided to join PMPC to have financial access to support her business. She took her first loan from PMPC in the amount of Php 20,000 to purchase additional grocery stock for sale, hoping to generate more sales to increase the income to invest more capital in the business and to save for a better future.

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
  • 307
    View loans »
    Philippines Loans Fundraising
  • $52,723,450
    Funds lent in using Kiva
  • 41.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Marietta to purchase additional grocery stock for sale.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 18, 2012
Listed
Nov 8, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013