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Clara S. is from the municipality of Jimenez, Misamis Occidental. She is 50 years old, married, and has one adult child.

In 2008, Clara joined PMPC to gain access to financial services to help improve her living situation and her ability to engage in business activities.

Clara is requesting a loan of 22,000 PHP as additional capital for her business which is selling rice. This will be her third loan from PMPC. She will be using the loan to purchase sacks of rice to sell to her customers.

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
  • 423
    View loans »
    Philippines Loans Fundraising
  • $69,631,075
    Funds lent in using Kiva
  • 46.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Clara to purchase rice for sale.
100% repaid
Repayment Term
19 months (Additional Information)
Repayment Schedule
Nov 13, 2009
Dec 7, 2009
Currency Exchange Loss:
May 15, 2011