Fe V. is from the village of Tamban, Baliangao, Misamis Occidental. She is 33 years old. Fe is married and has 4 school-aged children. To make a living, Fe works in someone else's business venture selling agricultural equipment. The main source of income for this business comes from planting and harvesting rice and mangoes for sale. Fe has been engaged in her business for over 7 years and earns approximately 7,000 PHP a month for these activities.
In 2006, Fe joined PMPC to gain access to financial services to help improve her living situation and to engage in business activities. Fe has successfully repaid a previous loan of 3,000 PHP from PMPC. Fe is requesting a new loan of 50000 PHP to be used to purchase a transport vehicle to improve the business. This will be the 5th loan taken out by Fe from PMPC. She plans to use it for full payment towards a motorcycle for livelihood use.
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.
About Paglaum Multi-Purpose Cooperative
Paglaum Multi-Purpose Cooperative (PMPC) was founded in 1992 by the beneficiaries, parents and staff of the Paglaum Community Development Foundation to address economic and livelihood activities for sustainability. The organization operates in the northwestern provinces of Mindanao and Visayas.
In the local vernacular, “paglaum” means “hope.” The initial foundation is dedicated to child development through a holistic approach. The goal is to build self-reliance and expand opportunity so the poorest of the poor can help themselves.