Marog E. is from the village of Silucap, Liloy, Zamboanga Del Norte. He is 32 years old, is married, and has three infant children.
Marog owns and operates a business making and selling food, primarily selling rice products in the local community. He has been engaged in his business for over five years and earns approximately 5,000 PHP a month.
In 2009, Marog 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 15,000 PHP from PMPC. This previous loan was used to to purchase additional products to sell.
Marog is requesting a new loan of 30,000 PHP which will be used to purchase additional products to sell. This loan will be his 2nd from PMPC. He plans to use the additional revenue generated from the business to improve and expand his business.
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.