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In the little barangay of Mabini, Baliangao, Misamis Occidental, Lourdes P., 61 years old, used to operate a copra-buying business. Her husband was her greatest business partner for 20 years. They educated their 2 children from their copra-buying business. Life is not so tough for the family to survive. The business they operated was good and their neighbors are their loyal customers, but the family would like to venture into a mini grocery store. They want to help their neighborhood by providing a store that has it all. They know that this business would not be possible without help. Paglaum MPC came as a resource for their capital needs. They applied for a PHP 50,000 loan to purchase additional stocks for their store and for store improvement as well.

Lourdes and her husband have a big wish for their “apo” (grandchild) to finish his studies. But above all, they want to serve the community and for their business to flourish.

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
  • 420
    View loans »
    Philippines Loans Fundraising
  • $70,831,400
    Funds lent in using Kiva
  • 49.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Lourdes purchase of additional stocks for her store and store construction.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Nov 20, 2008
Nov 29, 2008
Currency Exchange Loss:
May 15, 2009