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Cecilia is 43 years old and married. She lives in Tuyabang Bajo, Oroquieta City, in the Philippines. In order to help her family, she operates a sari-sari store (convenience store). She began her business with PHP 4,000 in start-up capital and was able to expand it with the help of the Paglaum Multi-Purpose Cooperative. Aside from financial assistance, she was able to generate savings and enjoy the benefits provided by the co-op.

Now Cecilia is applying for PHP 14,900 to buy additional stock for her sari-sari store, particularly basic commodities. Expanding her inventory will enable her to earn additional income. She has confidence that she can maintain her membership in good standing. She is a hardworking mother and wishes to sustain the store and provide a good education to her children. In the future, Cecilia wants to own a mini-mart and will be fully satisfied if she sees her children finish their studies so that they can help her in the future.

Being a member in good standing of the cooperative, Cecilia has been able to manage her income and provide for the daily needs of her family. Cecilia is very thankful because if it were not for Paglaum, she might not have any savings at all nor be guided properly in her finances.

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
  • 323
    View loans »
    Philippines Loans Fundraising
  • $66,063,525
    Funds lent in using Kiva
  • 43.1
    Philippines Pesos (PHP) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $350 helped Cecilia to restock her inventory for her sari-sari store (convenience store).
67% repaid
Repayment Term
42 months (Additional Information)
Repayment Schedule
Sep 30, 2013
Oct 25, 2013
Currency Exchange Loss: