Aurelia D. P. is from the village of Silongon in Tudela, Misamis Occidental. She is 50 years old. Aurelia is married and has 3 school-aged children. To make a living, Aurelia owns and operates a general store where she sells a variety of different products in the local community. Aurelia has been engaged in her business for over 14 years and earns approximately 2,600 PHP a month from these activities.
In 2008, Aurelia D joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Aurelia D has successfully repaid a previous loan of 9,000 PHP from PMPC. She used her previous loan to purchase additional inventory and use as working capital. Aurelia is requesting a new loan of 14500 PHP to purchase additional inventory and use as working capital. This will be Aurelia's 4th loan from PMPC. She plans to save the additional revenue generated from the business for future emergencies.
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.