Lordamila M. is from the village of Miputak. She is 56 years old. Lordamila is married and has 6 adult children and 1 school aged child. To make a living, Lordamila owns & operates a business selling a variety of vegetables and spices in the local community. Lordamila has been engaged in her business for over 15 years and earns approximately 10,000 PHP a month for these activities.
In 2007, Lordamila joined PMPC to gain access to financial services to help improve her living situation and her ability to engage in business activities. Lordamila has successfully repaid a previous loan of 11,000 PHP from PMPC. Lordamila is requesting a new loan of 14,900 PHP which will be used to purchase additional products to sell. This will be the 6th loan taken out by Lordamila from PMPC. She plans 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.