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Felipe is 63 years old, married and a resident of Burgos, Oroquieta City, Mindanao. He's been very responsible and a good provider for his family. He works hard to earn a living to support his family. Felipe has always had an interest in business; that's why he engaged in it through buying and selling. He has operated the business for seven years. Felipe also enjoys the privileges being a member of the Cooperative.

Now, he is applying a loan of 14,900 PHP [Philippines peso] to restock more inventory for his buying and selling business. Expanding his inventories will increase his income, and from it, he wishes to have a stable income for his family. And someday, he hopes to buy a four-wheel vehicle to transport goods in other towns. All he wants for his family is to have a happy and comfortable life.

Felipe deeply wishes to maintain as a member in good standing with Paglaum Multi Purpose Cooperative.

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
  • 1871
    View loans »
    Philippines Loans Fundraising
  • $61,001,400
    Funds lent in using Kiva
  • 43.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Felipe to buy additional stock of inventory for his buying and selling business.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Oct 31, 2013
Nov 23, 2013
Currency Exchange Loss:
Sep 17, 2014