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Herminia E. is from the village of Antipolo. She is 49 years old. Herminia is married and has 4 adult children. To make a living, Herminia owns and operates a business venture in the agriculture sector, raising crops. The main source of income for the business comes from planting and harvesting rice for sale. Herminia has been engaged in her business for over 5 years and earns approximately 1,500 PHP average a month for these activities.

In 2008, Herminia joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Herminia has successfully repaid a previous loan of 5,000 PHP from PMPC. Herminia is requesting a new loan of 5,000 PHP which will be used to pay for services to increase crop yield and fertilizers like manure. This will be the 5th loan taken out by Herminia from PMPC. She plans to use the additional revenue generated from the business to improve the general living conditions of the 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
  • 438
    View loans »
    Philippines Loans Fundraising
  • $69,631,075
    Funds lent in using Kiva
  • 47.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Herminia to pay for services to increase crop yield and fertilizers like manure.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Nov 13, 2009
Dec 1, 2009
Currency Exchange Loss:
Jun 15, 2010