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Josephine
Mrs. Josephine O. is 54 years old and married to her husband Jaime, who is a driver. She is blessed with two children who both got married. Josephine is a good member of the cooperative and she pays her obligations religiously. Her project is snack vending and this project is still progressing. She borrowed from Paglaum MPC the amount of PHP 20,000 to be used for additional capitalization of her projects. Aside from being a snack vendor she uses her extra time to cook at a restaurant as an additional source of income. Her hopes and aspirations are to improve her family members’ lives and live happily forever.

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
  • 391
    View loans »
    Philippines Loans Fundraising
  • $50,818,125
    Funds lent in using Kiva
  • 48.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Josephine to buy ingredients for snacks and empanadas.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 11, 2009
Listed
Mar 29, 2009
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2009