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Marivic
Marivic, age 50, is happy tending her little store. She is married with three kids, and her husband is a butcher. The store is her means of earning a living to support her family. Fortunately, her store is located in a populous neighborhood, and so she makes promising daily sales. Marivic keeps on running the store well even though there is increased competition from other stores. Marivic believes that with PMPC's support, as one family they will sustain and beat the competition.

Marivic has reached her 5th year being a member of Paglaum MPC. She has applied for a loan of PHP 50,000 for the store. Expanding her inventory will mean additional income. She has confidence that she can maintain the label of member in good standing. She is a hardworking mother and wishes to sustain the store and from that afford a good education for her children.

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
  • 290
    View loans »
    Philippines Loans Fundraising
  • $52,099,125
    Funds lent in using Kiva
  • 43.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Marivic to buy products to sell, such as noodles, rice, soft drinks, etc.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 10, 2013
Listed
Oct 5, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014