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Ritcher
Ritcher is 30 years old and lives in Butuay, Jimenez, Misamis Occidental, Philippines. He is married with one dependent child. Ritcher has been employed as a security guard at PMPC for four years. He earns approximately PHP 5,000 each month doing this type of work. He has requested a loan to be used in purchasing additional construction materials for house repair. Ritcher has been a member of PMPC for 4 years. In the future, Ritcher hopes to engage in retail business to add his income.

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.

Tags

About Philippines

  • $1175
    Average annual income
  • 324
    View loans »
    Philippines Loans Fundraising
  • $52,185,750
    Funds lent in using Kiva
  • 45.2
    Philippines Pesos (PHP) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,000 helped Ritcher to purchase additional construction materials for house repair.
47% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 21, 2014
Listed
Mar 24, 2014
Currency Exchange Loss:
Possible