Daisy P. is from the village of Danao. She is 32 years old. Daisy is married and has six school-aged children. To make a living, Daisy owns & operates a business harvesting & selling ocean-caught fish in the local community. Daisy has been engaged in her business for over six years and earns approximately 5,000 PHP a month for these activities.
In 2002, Daisy joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Daisy has successfully repaid a previous loan of 20,000 PHP from PMPC. This previous loan was used to purchase fishing equipment including hooks & nets. Daisy is requesting a new loan of 50,000 PHP, which will be used to invest in expanding the business. This loan will be the eighth loan taken out by Daisy from PMPC. She plans to use the additional revenue generated from the business to make improvements to her house.
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.