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Teresita is 60 years old and married with 4 children of adult age. She is a businesswoman and uses her business as one of their sources of income. She has been a member of Paglaum Multi-Purpose Cooperative for 4 years. She borrowed money in the amount of Php. 35,000 for the purpose of buying more fruits, such as bananas, etc. for her buy and sell business. She is hoping for the improvement of the business as well as an upscale livelihood.

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
  • 381
    View loans »
    Philippines Loans Fundraising
  • $70,831,400
    Funds lent in using Kiva
  • 44.0
    Philippines Pesos (PHP) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $800 helped Teresita to buy more fruits, such as bananas, etc. for her buy and sell business.
91% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
May 29, 2014
Jun 22, 2014
Currency Exchange Loss: