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Jocelyn
Filipinos have been "balut" (unhatched eggs)-lovers over the years. Hence, Jocelyn has this business opportunity to produce this product with the balut-making process. Supplies of fresh eggs should be maintained, specifically duck eggs. The eggs are incubated and are harvested after 16 to 18 days, before they hatch in the incubator. The harvested balut will then be delivered to different balut retailers. Jocelyn has been in this business for 20 years. The business helps her to support of her family. She has one dependent child who is college level now. She was requesting a loan with the same purpose of her prior loan, to buy ducks for producing eggs. She will be able save, by not having to buy fresh eggs from outside sellers who maintain their own ducks. Therefore, the production of balut could be stable, since she would already have fresh eggs. The ducks are transported to the rice fields at the end of every harvest so that they can feed. The eggs will be brought to where the incubator is located.

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.

Tags

About Philippines

  • $1175
    Average annual income
  • 238
    View loans »
    Philippines Loans Fundraising
  • $52,051,625
    Funds lent in using Kiva
  • 43.9
    Philippines Pesos (PHP) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,150 helped Jocelyn to pay for additional ducks for her business.
66% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 9, 2014
Listed
Jun 27, 2014
Currency Exchange Loss:
Possible