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Norma
Mrs. Norma P., is 58 years old and a resident of Mansabay Bajo, Lopez Jaena, Mis.Occ. She has 2 kids and one is in college.She owns a "sari-sari store" (small grocery store) that forms part of their house where neighbors are their customers.



Since she already has a college student, Norma decided to improve their small business to support their children better. So she requested a loan at Paglaum MPC in the amount of 10,000Php. Aside from the financial assistance, she also receives add-on benefits like insurance, savings, etc. She believes that with Paglaum's help, she will become a successful businesswoman 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
  • 959
    View loans »
    Philippines Loans Fundraising
  • $54,434,500
    Funds lent in using Kiva
  • 47.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Norma additional capital for her "sari-sari" store.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 14, 2009
Listed
Jan 24, 2009
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2009