Maximeno F. is from the village of Lupagan, Clarin, Misamis Occidental. He is 70 years old, is married, and has six adult children.
Maximeno owns and operates a business providing party services to local community members. He has been engaged in his business for over forty years and earns approximately 5000 PHP a month.
In 2009, Maximeno joined PMPC to gain access to financial services to help improve his living situation and his ability to engage in business activities. He has successfully repaid a previous loan of 40,000 PHP from PMPC. This previous loan was used to to invest in renovating his business.
Maximeno is requesting a new loan of 45,000 PHP which will again be used to invest in renovating his business. This loan will be his 5th PMPC. He plans to use the additional revenue generated from the business to improve the general living conditions 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.