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Mr. Francisco G., 54 years of age, is married to Fe and resides at Garang, Tangub City.

Francisco owns a motor vehicle for hire and earns a meager income of P4,500 per month. He acknowledges the fact that he has to earn more for his family and so he decided to approach Paglaum MPC to seek his needed capital. He wants to purchase a motorcycle with sidecar.

Preserving his good standing membership with the Cooperative, he applied for a P40,000 loan. The future income from this loan will be used for meeting his family’s daily basic needs and for loan repayments.

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
  • 393
    View loans »
    Philippines Loans Fundraising
  • $65,913,950
    Funds lent in using Kiva
  • 45.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Francisco to purchase a motorcycle with sidecar.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Dec 29, 2009
Jan 21, 2010
Currency Exchange Loss:
Jan 15, 2012