Mrs. Dominica S. is from Molave Zamboanga del Sur. She is 41 years old and married with 2 children. She has operated her sari-sari store for more than 2 years and her husband is an agent of a soda company. Their main source of income comes from the salary of her husband, and also from her own sari-sari store. Their monthly is approximately 25,000 a month.
She joined PMPC to gain access to financial services and to engage in other business activities. She successfully repaid her previous loan of 20,000 taken from PMPC. This previous loan was used for the expansion of her sari-sari store. She has a new loan of 40,000 from PMPC and this loan will be used for additional capital for her business. This is her 8th cycle of loans from PMPC.
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.