Calvin J. is from the town of Sapang Dalaga. He is 59 years old, married, with 3 adult-aged children. To make a living, Calvin owns and operates a business venture in the service sector operating a service-based business. While not the only means for generating revenue, the main source of income for the business comes from the revenue of using a van for transportation services. Calvin has been engaged in his business for over 5 years and earns approximately 15,000 PHP a month from his business.
In 2006, Calvin joined PMPC to gain access to financial services to help improve his living situation and ability to engage in business activities. Calvin has successfully repaid a previous loan of 20,000 PHP from PMPC. Calvin is requesting a new loan of 50,000 PHP which will be used for renewal of the registration for his van and franchise expenses. This loan will be the 7th loan taken out by Calvin from PMPC. He plans to use the additional revenue generated from the business to improve the general living conditions of his family.
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.