Remelyn C. is from the village of Salimpuno. She is 23 years old. Remelyn is married and has an infant child. To make a living, Remelyn owns & operates a store where she sells daily use products such as shampoo, soap & toothpaste in the local community. Remelyn has been engaged in her business for over two years and earns approximately 8,000 PHP a month for these activities.
In 2007, Remelyn joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Remelyn has successfully repaid a previous loan from PMPC. Remelyn is requesting a new loan of 55,000 PHP, which will be used to fully pay for a transport vehicle to improve her business. She will also use the loan as additional capital for her mini grocery store. This loan will be the sixth loan taken out by Remelyn from PMPC and the second loan funded by 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.