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Elsie M. is from the town of Plaridel. She is 37 years old. Elsie is married and has four school-age children. To make a living, Elsie owns and operates a business raising crops. The main source of income for the business comes from planting and harvesting rice to sell. Elsie has been engaged in her business for over four years and earns approximately 3,000 PHP a month for these activities.

In 2004, Elsie joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Elsie has successfully repaid a previous loan of 20,000 PHP from PMPC. This previous loan was used to pay for services to increase crop yield. Elsie is requesting a new loan of 25,000 PHP, which will be used to purchase fertilizers such as manure. This loan will be the 13th loan taken out by Elsie from PMPC. She plans to use the additional revenue generated from the business to financially support members of her immediate family.

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
  • 497
    View loans »
    Philippines Loans Fundraising
  • $70,831,400
    Funds lent in using Kiva
  • 44.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Elsie to purchase fertilizers such as manure.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Jan 28, 2011
Feb 3, 2011
Currency Exchange Loss:
Dec 15, 2011