Mrs. Rosita S. is from Molave Zamboanga del Sur. She is 45 years old, married, and has 3 children. She is one of the center chiefs in the micro-finance unit. She manages her sari-sari store and livestock business. While not the only means for generating revenue, the main source of income for the business comes primarily from their farm. She has operated her business for more than 3 years and earns approximately 6,000 a month.
She joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Rosita successfully repaid her previous loan of 14,000 from PMPC. She now has a new loan of 50,000 which will be used to expand her business. This loan will be the 8th cycle taken out by Rosita from PMPC. She palns 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.