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Bernardo O. is from the village of Landing, Baliangao. He is 66 years old. Bernardo is married and has 5 adult-aged children. To make a living, Bernardo owns and operates a fishing venture in the food sector. While not the only means for generating revenue, the main source of income for the business comes primarily from selling ocean-caught fish in the local community. Bernardo has been engaged in his business for more than 30 years and earns a monthly net income of 6000.

In 2004, Bernardo joined PMPC to gain access to financial services to help improve his living situation and ability to engage in business activities. Bernardo has successfully repaid a previous loan of 5,000.00 PHP from PMPC. This previous loan was used to invest in expanding the business. Bernardo is requesting his 13th loan of 20,000 PHP which will be used to purchase fishing materials.

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
  • 373
    View loans »
    Philippines Loans Fundraising
  • $70,809,250
    Funds lent in using Kiva
  • 43.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Bernardo to purchase fishing materials.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jan 25, 2011
Feb 12, 2011
Currency Exchange Loss:
Feb 15, 2012