A loan of $950 helped to redeem the pawned land.

Cecilia's story

Cecilia O. is 52 years old, married and has two adult-aged children. She is from the village of Poblacion, Sibutad. To make a living, Cecilia is engaged in the agriculture sector particularly in planting assorted crops to sell. She has been engaged in her business for 20 years and earns a monthly net income of 5,000.00 PHP.

In 2010, Cecilia joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Cecilia has successfully repaid a previous loan of 3,000 PHP from PMPC. This previous loan was used as additional capital for her business. Cecilia is requesting a new loan of 40,000 PHP which will be used to redeem the pawned land. This loan will be the 2nd loan taken out by Cecilia from PMPC.
About 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.

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