Jenefer C. is from the village of Cawa-cawa. She is 32 years old. Jenefer is married and has two school-aged children. To make a living, Jenefer operates a specialized retail store. The main source of income for the business comes from selling motorcycle spare parts in the local community. Jenefer has been engaged in her business for over six years and earns approximately 8,000 Philippines pesos a month for these activities.
In 2008, Jenefer joined PMPC, a Kiva partner, to gain access to financial services to help improve her living situation and ability to engage in business activities. Jenefer has successfully repaid a previous loan of 30,000 PHP from PMPC. This previous loan was used to purchase additional inventory and as working capital. Jenefer is requesting a new loan of 30,000 PHP, which will be used for the same purpose. This will be the fifth loan taken out by Jenefer from PMPC and her second time with Kiva. 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.