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Alma B. is from the barangay (village) of Galas, in Dipolog City. She is 56 years old, married, and has 2 adult children. Alma operates a family member's business in the clothing sector, selling ready-to-wear (RTW) clothing in the local community. She has been engaged in this business for more than 3 years and earns approximately 15,000 Philippine pesos (PHP) a month.

In 2006, Alma joined Paglaum Multi-Purpose Cooperative (PMPC) to gain access to financial services to help improve her living situation and her ability to engage in business activities. She has successfully repaid a previous loan from PMPC of 70,000 PHP, which was used to purchase materials to renovate her store. Alma is requesting a new loan of 50,000 PHP, which will be used to purchase additional inventory for the RTW business. This will be the 28th loan Alma has taken out from PMPC. She plans to use the additional revenue generated to improve the general living conditions of her family.

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
  • 359
    View loans »
    Philippines Loans Fundraising
  • $70,814,925
    Funds lent in using Kiva
  • 43.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Alma to purchase clothing inventory.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jan 28, 2011
Feb 17, 2011
Currency Exchange Loss:
Feb 15, 2012