A loan of $450 helped to purchase clothing for sale.

The Mercy Foundation funded Delia, a clothing saleswoman in the Philippines.

Here is Delia’s Story

Delia is amongst the most enterprising women in the municipality of Plaridel-Tipolo in the Philippines. She has been selling clothing successfully in the area for a while now, and has been looking for ways to improve her situation so that she can enjoy even more good fortune. Her main goal is to ensure that she always have an excellent level of inventory, so that she is able provide for her family.

Her quest to make a better life for herself led her to the Paglaum Multi-Purpose Cooperative (PMPC), where she signed up as a member so that she could be eligible for a loan. She started her business with a loan from this organization, and has been getting more loans from them to help her ever since. She clearly has the determination needed to make her business a success.

PMPC is a cooperative that was founded over 20 years ago to help the people in the Philippine northwestern provinces of Mindanao and Visayas gain access to funds. These funds that would then help them to begin economic and livelihood activities that would lead to sustainability. The organization is seen as a beacon of hope, not only because in the local vernacular Paglaum means hope, but also because of the help it has provided thousands of people in the two provinces.

As a Kiva partner, PMPC enabled the Mercy Foundation to fully fund the $450 loan that Delia requested. Organizations such as PMPC and Kiva, and the partnerships that they have built with foundations such as the Mercy Foundation, are helping to change the lives of thousands of families, and elevate these families above the poverty that surrounds them. For these organizations, that is their main aim, to ensure that microfinance services are provided to those that need them the most. To enable people to benefit from these services, Kiva helps to bring people together, while PMPC identifies people on the ground that would benefit from the money that the investors provide. Delia now has the chance to expand her business and gain that good fortune that she has been looking for. If you would like to transform the lives of people like her by investing in them, you should visit Kiva.org and browse through the thousands of loans that need urgent funding. By funding a microloan, you can make a permanent change in the life of someone and a community.

Mercy Foundation is a non-profit aiming to uplift the quality of life of the impoverished through microfinance. The organization liquidates donated underutilized real estate assets and converts these to loans for their beneficiaries. Their solution to poverty is economic sustainability through financial independence. Know more about Mercy Foundation’s projects through this website.

Notes 1.
This article is based on https://www.kiva.org/lend/786951