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Elma C. is from Dipolog City. She is 50 years old, married, and has six adult children. Elma owns and operates a general store, selling a variety of different products in the local community. Elma has been involved in her business for over two years, and she earns approximately 4,000 Philippine Pesos (PHP) a month from the business. She also maintains a rice field.

In 2010, Elma joined PMPC to gain access to financial services to help improve her living situation, and her ability to engage in business activities. She successfully repaid a previous loan of 3,000 PHP. Elma is requesting a new loan of 15,000 PHP which will be used to purchase fertilizers and pesticides for her rice field. This will be the third loan taken out by Elma from PMPC. She plans to use the additional revenue generated to improve and expand her business.

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 Partners 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
  • 315
    View loans »
    Philippines Loans Fundraising
  • $70,667,050
    Funds lent in using Kiva
  • 43.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Elma to purchase fertilizers and pesticides.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Mar 18, 2011
Apr 16, 2011
Currency Exchange Loss:
Apr 15, 2012