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Marilou
Marilou signed up for her membership with PMPC and obtained the needed capital to start up a sari-sari store business. She is thankful for the capital that was extended to a small-time borrower like her. She is able to turn the tide in her favor and is making good sales these days. She wants to take advantage of the good fortune. Recently, she took a loan to restock her store with basic commodities such as canned goods, oil and soy sauce. In the future, she hopes to build a decent home for the family.

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
  • 1448
    View loans »
    Philippines Loans Fundraising
  • $59,252,950
    Funds lent in using Kiva
  • 43.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Marilou to restock her store with items such as canned goods, oil and soy sauce.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 20, 2014
Listed
Jul 7, 2014
Currency Exchange Loss:
Possible
Ended:
Jan 19, 2015