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Ricardo is 46 years old and lives in Carmen, Jimenez, Misamis Occidental. He is married with five children.

Ricardo is engaged in a lumber cutting and selling business and earns approximately 7,000.00 PHP (Philippines pesos) each month doing this type of work.

He has requested a loan to be used in paying for the logs and lumber, labor and other expenses in cutting lumber for his existing business.

Ricardo became a member of PMPC just this year. In the future, Ricardo hopes to expand his business.

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
  • 438
    View loans »
    Philippines Loans Fundraising
  • $69,731,675
    Funds lent in using Kiva
  • 41.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Ricardo to pay for logs and lumber, labor and other expenses.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Nov 16, 2012
Nov 26, 2012
Currency Exchange Loss:
Jun 17, 2014