Joeralyn S. is from the village of Don Andres Soriano, Lopez Jaena, in the province of Misamis Occidental. She is 23 years old and is married. To make a living, Joeralyn owns and operates a general store. While not the only means for generating revenue, the main source of income for her business comes from selling a variety of products in the local community. Joeralyn is just starting this business.
In 2009, Joeralyn joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. She is requesting a loan of 7,000 Philippine pesos (PHP) to purchase inventory. This will be her first loan from PMPC. She plans to use the additional revenue generated from the business to improve her family's general living conditions.
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 field partners 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.