Marilou B. is from the town of Aloran. He is 32 years old. Marilou is married and has 2 school-aged children. To make a living, Marilou owns & operates a hog raising business in the agriculture sector raising livestock. While not the only means for generating revenue, the main source of income for the business comes primarily from raising pigs for sale. Marilou has been engaged in his business for over 1 years and earns approximately 3000 PHP a month for these activities.
In 2009, Marilou joined PMPC to gain access to financial services to help improve his living situation and ability to engage in business activities. Marilou has successfully repaid a previous loan of 5000 PHP from PMPC. Marilou is requesting a new loan of 9000 PHP which will be used to purchase livestock feed & other supplies. This loan will be the loan taken out by Marilou from PMPC. He plans to use the additional revenue generated from the business .
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.