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Ester O. is from the village of Caluya. She is 55 years old, married and has three adult children. Ester owns and operates a business selling seafood. The main source of income for the business comes from selling "latu," the term for seaweed in the local community. Ester has been engaged in her business for over eight years and earns approximately 3,000 Philippine pesos (PHP) a month from it.

In 2006, Ester joined PMPC to gain access to financial services to help improve her living situation and ability to do business. Ester has successfully repaid a previous loan of 10,000 PHP from PMPC. This previous loan was used as additional capital for her business. Ester is requesting a new loan of 14,900 PHP which will be used to purchase "latu" to sell. This loan will be the eighth loan taken out by Ester from PMPC.

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
  • 323
    View loans »
    Philippines Loans Fundraising
  • $66,063,525
    Funds lent in using Kiva
  • 46.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Ester purchase of latu (seaweed) for resale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jun 17, 2010
Jul 9, 2010
Currency Exchange Loss:
Jul 15, 2011