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Lolita
Lolita is 51 years old and married with four school-age children. She is residing at Barangay Baybay, Bonifacio, Misamis Occidental. Lolita is a business woman with an internet cafe business. She also owns a fishing boat as well as a rice and a corn farm. She has been a member of Paglaum Multi-Purpose Cooperative for three years. Lolita applied for a loan to pay for land preparation and purchase farm inputs. She is hoping to improve living conditions by using the profits of the 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.

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About Philippines

  • $1175
    Average annual income
  • 948
    View loans »
    Philippines Loans Fundraising
  • $53,438,925
    Funds lent in using Kiva
  • 43.6
    Philippines Pesos (PHP) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $775 helped Lolita to pay for land preparation and purchase farm inputs.
86% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 23, 2014
Listed
Jun 12, 2014
Currency Exchange Loss:
Possible