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Elma L., 48, is a housewife with two children. Her family resides in Plaridel Misamis, Occidental, a place where fishing is a primary activity for earning a living. Her husband is a fisherman and already owns a small boat and operates a little variety store.

They have applied for a PHP15,000(US$325) loan to buy an additional motorized pumpboat. Elma hopes to earn additional income so she can fix their house someday and welcomes the thought of seeing their children finish their studies.

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
  • 1457
    View loans »
    Philippines Loans Fundraising
  • $59,291,725
    Funds lent in using Kiva
  • 48.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Elma to purchase additional boat for fishing.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Feb 27, 2009
Mar 22, 2009
Currency Exchange Loss:
Jan 15, 2010