Luz M. is from the village of Casul, Sapang Dalaga. She is 55 years old, married and has 2 adult-aged children. To make a living, Luz owns & operates a business venture in the food sector in fishing. While not the only means for generating revenue, the main source of income for the business comes primarily from selling of ocean-caught fish in the local community. Luz has been engaged in her business for over 22 years and earns approximately 4,000 PHP a month for these activities.
In 2007, Luz joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Luz has successfully repaid a previous loan of 11,000 PHP from PMPC. This previous loan was used as additional capital for her business. Luz is requesting a new loan of 25,000 PHP which will be used to purchase fishing materials. This loan will be the 4th loan taken out by Luz from PMPC.
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.