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Letecia
Letecia A. B., 45 years old, married to Herminio A. B.
and they have four children. Two of the childrne have already completed their studies while the others are still in school. They live at Sicayab, Dipolog City.
Her sari-sari ( small grocery) store business plays an important role in their lives especially in sending her children to school. She started her business with a capital of PhP200. With the help of God , her capital has grown to PhP1000 and has added other goods and commodities to her small sari-sari store.
Because of her desire to expand her sari-sari store, she decided joining Paglaum MPC to avail loan of PhP14,000 to buy additional merchandise such as basic commodities for sale. She thinks that this would help her business to grow.
Through this, she wants to see all her children to finish their studies. She also plans
to make her sari-sari store a mini-grocery in the near future.

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
  • 1487
    View loans »
    Philippines Loans Fundraising
  • $59,411,500
    Funds lent in using Kiva
  • 47.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Letecia to buy merchandise for her retail store.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 21, 2009
Listed
Jan 28, 2009
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2009