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Loreta
Loreta, aged 59, is married and is from Lawa-an, Aloran, Misamis Occidental, Philippines. From her desire to help her family, she has operated a buy-and-sell business for the past two years from which she earns a living.

Loreta enjoys the privileges of being a member of the Paglaum Multi-Purpose Cooperative (PMPC). Now, she is applying for a loan of PHP 14,900 from the cooperative. This loan is intended to purchase construction/raw materials needed for her house renovation. The income from her business will be used to repay the loan.

Loreta dreams of nothing more than to have a decent living, a happy and healthy life with her family, and an adequate income from her business. She deeply wishes to continue to be a member in good standing with PMPC and to repay her obligations in a timely manner.

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

  • $1175
    Average annual income
  • 1279
    View loans »
    Philippines Loans Fundraising
  • $56,347,950
    Funds lent in using Kiva
  • 43.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Loreta to buy construction/raw materials for her house renovation.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 12, 2013
Listed
Oct 9, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014