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Melinda
Melinda is 44 years old, married, and a resident of Balik-balik, Poblacion, Sindangan, Zamboanga del Norte, Philippines. Her husband is a tricycle driver. They have two children, both of whom attend school. Starting with capitalization of 3,000 PHP, she opened a sari-sari (general store) and was able to expand it with the help of Paglaum Cooperative. In addition to financial assistance, she enjoys other benefits of the co-op, including a savings account. She became a member in August 2011 and has taken out four loans.

Now she is applying for 6,000 PHP to buy additional stock for her sari-sari store, particularly basic commodities. In the future, she wants to own a mini-mart. She will be fully satisfied if she sees her children finish their studies.

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
  • 1292
    View loans »
    Philippines Loans Fundraising
  • $57,910,775
    Funds lent in using Kiva
  • 44.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $150 helped Melinda to purchase stock for her general store, particularly basic commodities.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 6, 2013
Listed
Sep 7, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014