Mamerta Dagondon

Mamerta Dagondon is from the village of Centro Napu,Tudela,Misamis Occidental. She is 74 years old. Mamerta is widowed and has 3 adult-aged children. To make a living, Mamerta owns & operates a business venture in the services sector operating a service-based business. While not the only means for generating revenue, the main source of income for the business comes primarily from providing office space for rent services to local community members. Mamerta has been engaged in her business for over 30 years and earns approximately 15,000.00 PHP a month for these activities.

In 2005, Mamerta joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Mamerta has successfully repaid a previous loan of 20,000.00 PHP from PMPC. This previous loan was used to to invest in renovating the space rented. Mamerta is requesting a new loan of 50000 PHP which will be used to invest in renovating the business. This loan will be the 4th loan taken out by Mamerta 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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