Erlinda B. is from the village of Bi-toon Catadman, Ozamiz City, Misamis Occidental. She is 53 years old. Erlinda is married and has six adult-aged children. To make a living, Erlinda owns and operates a video games and videoke business. She has been engaged in this business for over 10 years and earns approximately 20,000 PHP a month for these activities.
In 2009, Erlinda joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Erlinda is now requesting a loan of 50,000 PHP, which will be used as additional capital for her existing business (video games and videoke). 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.