Milagros A. is from the village of Barangay Dos. She is 40 years old, is married, and has three school-aged children.
Milagros owns and operates a business raising pigs for sale. She has been engaged in her business for over five years and earns an average of approximately 2,000 PHP per month.
In 2006, Milagros joined PMPC to gain access to financial services to help improve her living situation and her ability to engage in business activities. She has successfully repaid a previous loan of 6,000 PHP from PMPC. This previous loan was used to purchase livestock feed and other supplies.
Milagros is requesting a new loan of 5,500 PHP which will be used for the same purpose. This loan will be her 8th from PMPC and her second from Kiva. She plans to use the additional revenue generated from the business to improve the general living conditions of her family and to support the education of her children.
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.