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Mrs. Phoebe R. Velez, 41, is married and lives on Sunset Boulevard, Dawo Dapitan City. She has 4 children and all are in school. Her husband is her working partner in all she does.

They are managing “Sunset Pension and Beach Resort," inherited from her parents. Since there are local tourists and some foreigners who’d like to visit their resort, they want to maintain and improve the buildings so she looked for enough capital and found what she wanted at Paglaum MPC. She’s been a member since January 21, 2008. She is applying for 20,000 php for the purpose of repair and maintenance of the business establishment so as to provide a more desirable, accommodating and comfortable stay for their visitors. She aspires to send her children to school to have a degree for a better 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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Philippines

  • $7,000
    Average annual income
  • 1168
    View loans »
    Philippines Loans Fundraising
  • $63,466,825
    Funds lent in using Kiva
  • 46.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Phoebe repair & maintance of their building.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jan 26, 2009
Feb 3, 2009
Currency Exchange Loss:
Dec 15, 2009