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Maribel
Mrs. Maribel E., 45 years old, married, lives in Ilaya, Dapitan City, Zamboanga del Norte. She has 2 children. Her husband is a mere driver of LGU- Dapitan City, ZDN. Because of her desire to help her husband, she decided to open her little bakeshop.



The demand of the people in their "barangay" seems very favorable to her, and so she decided to increase her production by acquiring some bakery equipment. This was the time she needed money to finance the bakery and decided to join Paglaum Multi-Purpose Cooperative in 2006. She has requested a loan amounting to PHP 20,000. The purpose of the loan is to buy additional sacks of flour and sandwich-slicer equipment in order to increase the volume of production. Paglaum MPC has also helped her to save a part of her income for future use, aside from its other benefits like insurance and dividends. With God's help and hard work, her business is going so well that she was able to send her son to college and purchased some baking equipment.



Mrs. E. plans to undertake major renovations on her bakeshop, extend its eat-in area, and have a presentable bakeshop in the future. She also plans to send her bakers to attend a training course for new technologies and baking techniques so as to be competitive.

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
  • 1518
    View loans »
    Philippines Loans Fundraising
  • $56,687,475
    Funds lent in using Kiva
  • 49.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Maribel to purchase sacks of flour, sugar, and other ingredients for bread-making and buy sandwich-slicer equipment.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 18, 2008
Listed
Nov 25, 2008
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2009