Juanita T. is from the village of Mohon. She is 49 years old. Juanita is married and has 1 adult-aged children. To make a living, Juanita owns & operates a corn farming business in the agriculture sector raising crops. While not the only means for generating revenue, her main source of income for this business comes primarily from planting & harvesting corn for sale. Juanita has been engaged in her business for over 20 years and earns approximately 4,000 PHP a month for these activities.
In 2005, Juanita joined PMPC to gain access to financial services to help improve her living situation and business activities. Juanita has successfully repaid previous loans from PMPC. Juanita is requesting a new loan of 5,000 PHP which will be used to purchase fertilizers such as manure. This loan will be the 7th loan taken out by Juanita from PMPC. She plans to use the additional revenue generated from the business to improve the general living conditions of her 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.