Juliet R.'s main source of income comes from providing construction services to local community members. Juliet owns and operates a sand and gravel (quarry) business. She is 35 years old, married and has four grown-up children. She is from the village of Dullan, Aloran. Juliet has been in her business for over eight years and earns approximately 6,000 Philippine pesos (PHP) a month.
In 2005, Juliet joined PMPC to gain access to financial services to help improve her living conditions and enable her to engage in business activities. Juliet has successfully repaid a previous loan from PMPC. Juliet is requesting a new loan of 10,000 PHP which will be used to invest in expanding the business. This will be her fifth loan from PMPC. She plans to use the additional business revenue to financially support immediate members 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.