Norma P. is from the town of Siayan. She is 61 years old. Norma is married and has one adult child. To make a living, Norma plants and harvests rice for sale. Norma has been engaged in her business for more than ten years and earns approximately 16,600 PHP a month for these activities.
In 2009, Norma joined PMPC to gain access to financial services to help improve her living situation and her ability to engage in business activities. Norma has successfully repaid a previous loan of 15,000 PHP from PMPC. This previous loan was used to purchase fertilizers such as manure. Norma is requesting a new loan of 50,000 PHP, which will be used to purchase general farm supplies and equipment. This loan will be Norma's fifth loan 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.