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Ernesto
Ernesto is 56 years, resides in la Esperanza, Rizal. He is married with three children, who are studying in college. He has engaged in a sari-sari store business for 10 years. His typical net income is PHP 5,000. He is also engaged in farming as another source of income.

He has applied the amount of PHP 45,000 to purchase additional inventory including basic commodities for his sari-sari store. The profit from the sari-sari store is used in supporting the studies of his three 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.

About Philippines

  • $1175
    Average annual income
  • 1281
    View loans »
    Philippines Loans Fundraising
  • $56,286,225
    Funds lent in using Kiva
  • 44.6
    Philippines Pesos (PHP) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,025 helped Ernesto to purchase additional inventory including basic commodities for his sari-sari store.
50% repaid
Repayment Term
33 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 29, 2014
Listed
Feb 26, 2014
Currency Exchange Loss:
Possible