Lolita Open

Lolita Open is from the town of Pob. Guipos, Zambo.Del Sur. She is 62 years old. Lolita is widowed and has 2 adult-aged children. To make a living, Lolita owns & operates a business venture in the services sector operating a tailoring business. While not the only means for generating revenue, the main source of income for the business comes primarily from providing general alteration & tailoring services to local community members. Lolita has been engaged in her business for over 3 years and earns approximately 6,000.00 PHP a month for these activities.

In 2006, Lolita joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Lolita has successfully repaid a previous loan of 5,000.00 PHP from PMPC. Lolita is requesting a new loan of 6000 PHP which will be used to purchase additional inventory & working capital. This loan will be the 3rd loan taken out by Lolita from PMPC. She plans to use the additional revenue generated from the business to improve the general living conditions of the borrower's 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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