A loan of $425 helped to purchase additional inventory & working capital.

Raquel's story

Raquel A. is from the village of Taboo,Jimenez,Misamis Occidental. She is 41 years old. Raquel is separated from spouse and has 2 school-aged children. To make a living, Raquel owns & operates a business venture in the retail sector running a general store. While not the only means for generating revenue, the main source of income for the business comes primarily from selling daily use products such as shampoo, soap & toothpaste in the local community. Raquel has been engaged in her business for over 4 years and earns approximately 8,000.00 PHP a month for these activities.

In 2008, Raquel joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Raquel has successfully repaid a previous loan of 14,000.00 PHP from PMPC. This previous loan was used to to purchase additional products to sell. Raquel is requesting a new loan of 20000 PHP which will be used to purchase additional inventory & working capital. This loan will be the 4th loan taken out by Raquel 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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