Antero A. is from the village of Centro Hulpa, Tudela, Misamis Occidental. He is 48 years old. Antero is married and has 3 school-aged children. To make a living, Antero owns & operates a service-based business. The main source of income for the business comes from providing transportation services to local community members. Antero has been engaged in his business for over 2 years and earns approximately 10,000 PHP a month from these activities.
In 2008, Antero joined PMPC to gain access to financial services to help improve his living situation and ability to engage in business activities. Antero has successfully repaid a previous loan of 10,000 PHP from PMPC. This previous loan was used to purchase a transport vehicle to improve the business.
Antero is requesting a new loan of 15,000 PHP which will be used to repair a transport vehicle used in the business. This loan will be the 3rd loan taken out by Antero from PMPC. He plans to use the additional revenue generated from the business to financially support immediate members of his 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.