Arnel T. is from the village of Dullan. He is 31 years old. Arnel is married. To make a living, Arnel owns and operates a boat repair business where he provides repair services to local community members. Arnel has been engaged in his business for over 1 year and earns approximately 2000 PHP a month for these activities.
In 2008, Arnel joined PMPC to gain access to financial services to help improve his living situation and ability to engage in business activities. Arnel has successfully repaid a previous loan from PMPC. Arnel is requesting a new loan of 14900 PHP which will be used to purchase additional inventory & working capital. This will be Arnel's 6th loan from PMPC. He plans to use the additional revenue generated from the business to improve his family's living conditions.
About PMPC:\n\nPaglaum 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.\n\n*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.