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Josephine
Mrs. M. is a resident of Barangay Napilan, Sapang Dalaga, Misamis Occidental. She is 44 years old, married and blessed with six children. Two of her children are studying in college and high school. She has a Sari-Sari Store and started it during her first cycle of loans. She sells to neighboring barangays, or towns.

She is requesting Php14,500 (US$325) to buy additional inventory. Her business helps in supporting her family's daily needs and by sending her children to school.

She is thankful to Paglaum for helping them in their capital needs. Her hope and aspiration for the business is to become a mini-grocery someday. She’s also hoping that, with the help of her business, she can send her children to school and have a better standard of living 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

  • $1175
    Average annual income
  • 1165
    View loans »
    Philippines Loans Fundraising
  • $54,791,700
    Funds lent in using Kiva
  • 48.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Josephine purchase additional items for sari-sari store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 26, 2009
Listed
Mar 22, 2009
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2009