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This simple housekeeper from Danao, Plaridel, Misamis Occidental is coping with life's challenges. At the age of 42, Clemencia S. admits that there is no room for her to rest comfortably and wait for unknown blessings. She and her husband Ernesto did not finish any college degree. Given that fact, the couple tried the fishing business. The first few months went by with unpredictable returns. But the couple did not give up. They continued and learned the business. At present, they own 2 units of pumpboats that give a weekly net income of PHP 800 to PHP 1,000. Not bad when they were just starting out.

To yield more income, they want to purchase additional fish nets which they can have for rent. They applied for a loan in the amount of PHP 10,000 from Paglaum Multi-Purpose Cooperative. Clemencia has safeguarded her credit records with the cooperative. Being a member for almost 4 years, she shared that though the loan windows are readily available, the savings products of Paglaum are what she likes most.

Mr. and Mrs. S. have saved for the education of their children. They want their children to be able to fulfill their dreams by pursuing their studies. They conclude that Paglaum MPC has been a consistent partner in extending financial assistance for their livelihood. So if financial difficulties arise, they can always run to Paglaum.

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
  • 410
    View loans »
    Philippines Loans Fundraising
  • $65,913,675
    Funds lent in using Kiva
  • 47.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Clemencia to purchase additional fish nets.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Dec 23, 2008
Dec 29, 2008
Currency Exchange Loss:
Jul 15, 2009