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Mrs. Naomi S. is from the barangay of P5 Carangan, Ozamiz City, Misamis Occidental. She is 56 years old, married, and blessed with 3 children all of whom are adults now. To make a living, she is presently engaged in a scrap buying business, particularly bottles, cartons and plastics. She’s been engaged in this kind business for 1 year & 6 months already and earns approximately Php2,500 a month from this business activity.

Just this year, Naomi joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Naomi, as a newly recognized member of Paglaum MPC under the Regular Loan Program, is now requesting a loan of Php20,000 as her 1st loan, which will be used to add capital to her existing scrap buying business, particularly bottles, cartons and plastics. She plans to use the additional revenue generated from the business to improve the general living conditions of her family, especially in meeting their basic needs, savings for future use, loan repayments and possible business expansion.

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
  • 429
    View loans »
    Philippines Loans Fundraising
  • $69,631,075
    Funds lent in using Kiva
  • 45.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Naomi additional capital for scrap buying business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Aug 2, 2010
Sep 2, 2010
Currency Exchange Loss:
Sep 15, 2011