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Bernardino
Bernardino is thankful that he joined Paglaum MPC. With very little capital, he was able to start his sari-sari (general store) business. His daily sales go the extra mile for the family's needs. They were also able to save their extra income. He has applied to Paglaum MPC for additional capital of PHP 10,000 to buy oil, vinegar, soy sauce and sugar to sell. Bernardino said he was attracted to Paglaum MPC for the savings and insurance services of the cooperative. He wants to gradually expand his little store and taste the good life someday.

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
  • 234
    View loans »
    Philippines Loans Fundraising
  • $53,068,925
    Funds lent in using Kiva
  • 43.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Bernardino to buy oil, vinegar, soy sauce and sugar to sell.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 22, 2014
Listed
Jun 11, 2014
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2015