Theresa Toco

Theresa Toco is from the city of Dipolog. She is 46 years old. Theresa is widowed and has 4 school-aged children. To make a living, Theresa owns and operates a food stall. The main source of income for the business comes from selling dried fish in the local community. Theresa has been engaged in her business for over 6 years and earns approximately 8,000 PHP a month for these activities.

In 2005, Theresa joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Theresa has successfully repaid a previous loan of 14,000 PHP from PMPC. Theresa is requesting a new loan of 12,000 PHP which will be used to purchase additional inventory and as working capital. This will be the 7th loan taken out by Theresa from PMPC. She plans to use the additional revenue generated from the business to improve the general living conditions of her family.

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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