Paterna F. is from the village of Owaon. She is 57 years old, married, and has 3 children. Two of them are adults while the youngest is a student. To make a living, Paterna raises crops. Planting, harvesting, and selling a variety of root crops and vegetables, while not the only means for generating revenue, is the business's main source of income. Paterna has been raising crops for over 7 years and earns approximately 1,500 PHP per month, on average.
In 2009, Paterna joined PMPC to gain access to financial services that could help improve her living situation and ability to engage in business activities. Paterna has successfully repaid a previous loan of 5,000 PHP from PMPC. This previous loan was used to purchase fertilizers such as manure. Paterna is requesting a new loan of 11,000 PHP, which will be used to purchase additional seeds, seedlings, fertilizers, and young crops to raise. This loan will be the 3rd loan Paterna has taken out by from PMPC, and this is her second loan from Kiva. She plans to use the additional revenue generated from the business to improve her family's general living conditions.
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.