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Hermolisa
Hermolisa is an active individual member of PMPC since 2010. She is widowed with one adult-age child. For over five years, she has engaged in manufacturing candles for delivery in the province, with an average monthly income of 4,000 PHP.

Hermolisa has taken out a new loan from PMPC in the amount of 40,000 PHP to purchase raw materials for manufacturing candles. She plans to increase her production and sales and to invest more capital in the business so she can 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

  • $7,000
    Average annual income
  • 1479
    View loans »
    Philippines Loans Fundraising
  • $59,394,700
    Funds lent in using Kiva
  • 41.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Hermolisa to purchase raw materials to manufacture candles.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 18, 2012
Listed
Nov 8, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013