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Loreta is 69 years old, and lives in Palilan, Jimenez, Misamis Occidental. She is married with four children, who are now at adult and school age.

Loreta has a little store, and sells groceries and other consumable products. She is also engaged in operating a mini-sawmill and in fishing activity. Loreta earns approximately PHP10,000.00 each month doing this type of business activity. She has requested a loan to be used to purchase additional fishing equipment.

Loreta has been a member of PMPC for almost five years. In the future Loreta. hopes to expand her business.

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
  • 942
    View loans »
    Philippines Loans Fundraising
  • $63,405,800
    Funds lent in using Kiva
  • 44.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Loreta to purchase additional fishing equipment.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Mar 26, 2014
Apr 17, 2014
Currency Exchange Loss:
Nov 20, 2014