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Mercy
Mercy is widowed, with two children. She is 51 years old and lives in Pagadian City.

Mercy has a sari-sari and videoke business to earn a living and has had this business for ten years. Each month, she earns PHP 10,000 doing this type of work. She has requested a loan for PHP 50,000 to use as additional capital for her business, to buy more inventories to sell.

Mercy is a new member of Paglaum Multi-Purpose Cooperative (PMPC) and she hopes to become a successful businesswoman, someday.

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.

Tags

About Philippines

  • $1175
    Average annual income
  • 345
    View loans »
    Philippines Loans Fundraising
  • $50,755,825
    Funds lent in using Kiva
  • 43.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Mercy to buy more inventories to sell.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 24, 2013
Listed
Aug 8, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014