Mr. Nemeno H. is from Tambulig, Zamboanga del Sur. He is 58 years old and married with seven children. He owns a business selling spare parts. Aside from this business he owns a rice field of more than three hectares. He has managed his business for more than three years, earning approximately $220 a month.
Nemeno successfully repaid a previous loan of 35,000 PHP from PMPC. He has a new loan of 50,000 PHP from PMPC which will be used for additional capital to purchase new spare parts to sell.
About PMPC: 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.