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Richel
Richel is widowed and has 10 children. Richel is 42 years old and lives in Gata Daku, Clarin. Richel sells a variety of products to earn a living and has had this business for three years. She earns PHP 1,500 a month doing this type of work. She has applied for a loan of PHP 4,000 to buy additional products, including canned goods, noodles, beverages, and detergents. Richel has been a member of PMPC for a month. In the future, Richel hope to improve and expand her business.

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
  • 1467
    View loans »
    Philippines Loans Fundraising
  • $59,381,875
    Funds lent in using Kiva
  • 41.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $100 helped Richel to buy additional products to sell, including canned goods, noodles, beverages, and detergents.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 25, 2013
Listed
May 25, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013