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Marissa
Marissa is 40 years old and a widow. She earns a living through teaching at Litapan, Josefina, Z.D.S.

She has been a member of PMPC for three years and enjoys the privileges being a member of the Cooperative. Now, she is applying a loan of 50,000 PHP (Philippines pesos) to buy housing materials and to pay for labor for the house repair.

Marissa deeply wishes to maintain her status as a member in good standing with PMPC.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Philippines

  • $7,000
    Average annual income
  • 1236
    View loans »
    Philippines Loans Fundraising
  • $57,817,975
    Funds lent in using Kiva
  • 43.4
    Philippines Pesos (PHP) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,175 helped Marissa to buy housing materials and to pay for labor for the house repair.
83% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 20, 2013
Listed
Oct 6, 2013
Currency Exchange Loss:
Possible