Jocelyn P. is from the village of Sinonoc, Sinacaban, Misamis Occidental. She is 43 years old. Jocelyn is married and has five adult children. To make a living, Jocelyn operates a manufacturing business. The main source of income for the business comes from manufacturing and selling wood products to local businesses and community members. Jocelyn has been engaged in her business for more than five years and earns approximately 18,000 Philippine pesos (PHP) a month from it.
In 2008, Jocelyn joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Jocelyn has successfully repaid a previous loan of 30,000 PHP from PMPC. This previous loan was used to purchase raw materials to manufacture additional products.
Jocelyn is requesting a new loan of 30,000 PHP, which will be used to purchase additional inventory and as working capital. This will be the third loan taken out by Jocelyn from PMPC. She plans to use the additional revenue generated from the business to improve/expand her 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.