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Loreto is 63 years old and married with eight children. He lives in Catadman, Ozamiz City. For the past 15 years, he has owned and operated a transportation business and he provides transportation to his local community. Loreto is a new PMPC member.

Loreto is requesting a 40,000 PHP loan to purchase equipment for a motorcycle repair business. In the future, he hopes to save money for future emergencies.

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
  • 440
    View loans »
    Philippines Loans Fundraising
  • $69,632,850
    Funds lent in using Kiva
  • 43.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Loreto to purchase equipment for a motorcycle repair business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Feb 17, 2012
Mar 21, 2012
Currency Exchange Loss:
Mar 17, 2014