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Veronica S. is from the village of Paglaum, Dumalinao. She is 61 years old. Veronica is married and has seven adult children. To make a living, Veronica operates a family member's business venture planting and harvesting rice for sale. Veronica has been engaged in her business for more than 18 years and earns approximately 10000 PHP a month for these activities.

In 2007, Veronica joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Veronica has successfully repaid a previous loan of 7000 PHP from PMPC. This previous loan was used to to invest in expanding the business. Veronica is requesting a new loan of 14000 PHP, which will be used to purchase fertilizers, such as manure. This will be the second loan taken out by Veronica from PMPC. She plans to use the additional revenue generated from the business to improve the general living conditions of her family.

About PMPC:

Paglaum Multi-Purpose Cooperative (PMPC) is one of the most progressive cooperatives in northwestern Mindanao. It reaches out to the rural poor using the Grameen model.

*Note: To maximize efficiency and reduce costs, this loan was posted using a template to automate the translation by Kiva. Given that manual translation of entrepreneur profiles is costly, Kiva created this template for our Field Partner to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.

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
  • 409
    View loans »
    Philippines Loans Fundraising
  • $65,913,675
    Funds lent in using Kiva
  • 48.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Veronica to purchase fertilizers, such as manure.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Jun 5, 2009
Jul 3, 2009
Currency Exchange Loss:
Apr 19, 2010