Mrs. Aljane L. presently has a direct selling and videoke business. She is also receiving a monthly allotment from her husband who is an overseas seaman. She is 30 years of age and blessed with one child who is still an infant. She is from the Barangay of Poblacion 2, Clarin, Misamis Occidental. Aljane’s been in her business for three years and earns approximately 4,000 Philippine pesos (PHP) a month.
Just this year, Aljane joined PMPC to gain access to financial services to help improve her living conditions and enable her to engage in business activities. As a newly recognized member of PMPC under the Regular Loan program, she is now requesting a first loan of 20,000 PHP to be used for additional capital for her direct selling business and for full payment of her installed motorcycle. She plans to use the additional revenue generated to improve general living conditions of her family, especially in meeting their basic needs, saving for future use, repaying loans, paying for insurance, advancing her children’s education and possibly expanding 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.