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Beofnato
Beofnato, age 37, sells groceries and beverages to earn a living. He has operated this business for 10 years. Each month, he earns PhP 4500 doing this type of work. He lives with his wife and their one child in Lusot, Baliangao.

Beofnato has requested a loan in the amount of 30,000 in order to purchase 10 boxes of groceries and 10 cases of beverages for his store.

Beofnato has been a member of PMPC for a year.

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
  • 1495
    View loans »
    Philippines Loans Fundraising
  • $59,411,500
    Funds lent in using Kiva
  • 40.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Beofnato to purchase 10 boxes of groceries and 10 cases of beverages for his store.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 14, 2012
Listed
Jan 11, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013