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Mrs. Merlinda B. operates a mini boutique with bartered goods from Zamboanga City as her main products. Together with her husband, she opened up a stall in one of the malls of the city.

She is 35 years of age, married and blessed with one child. They are from the Barangay (village) of Carmen Annex, Ozamiz City, Misamis Occidental. She’s been in this kind of business for four years and earns approximately 10,000 Philippine pesos (PHP) a month.

Just this year, Merlinda joined PMPC to gain access to financial services to help improve her living conditions and enable her to engage in business activities. As a newly recognized member of PMPC in the Regular Loan program, she was given the privilege of applying for a loan. She is now requesting a first loan of 30,000 PHP to be used for additional capital for her mini boutique business.

She plans to use the additional revenue generated from the business to improve the general living conditions of her family, especially to meet their basic needs, to save for a future use and to pay for her child’s education, loan repayments, insurance 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
  • 357
    View loans »
    Philippines Loans Fundraising
  • $70,814,925
    Funds lent in using Kiva
  • 43.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Merlinda additional capital for a mini boutique business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Sep 29, 2010
Oct 17, 2010
Currency Exchange Loss:
Apr 19, 2011