Sebastiana Beringuel

Sebastiana Beringuel is from the city of Dapitan. She is 60 years old. Sebastiana is married and has 3 school-aged children. To make a living, Sebastiana owns & operates a business venture in the retail sector running a general store. While not the only means for generating revenue, the main source of income for the business comes primarily from selling a variety of different products in the local community. Sebastiana has been engaged in her business for over 3 years and earns approximately 3,000 PHP a month for these activities.

In 2006, Sebastiana joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Sebastiana has successfully repaid a previous loan of 5,000 PHP from PMPC. This previous loan was used to purchase new items to expand product offering. Sebastiana is requesting a new loan of 5,000 PHP which will be used to purchase additional inventory & working capital. This loan will be the 8th loan taken out by Sebastiana from PMPC. She plans to use the additional revenue generated from the business to improve/expand the borrower's business.

About PMPC:

Paglaum Multi-Purpose Cooperative (PMPC is one of the most progressive cooperatives in northwestern Mindanao. It reaches out to the rural poor using the Grameen model.

*Note: To maximize efficiency and reduce costs, this loan was posted using a template to automate the translation by Kiva. Given that manual translation of entrepreneur profiles is costly, Kiva created this template for our Field Partner to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.

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