Mrs. Shiela Alona R. is from the Barangay of P8 Carmen Annex, Ozamiz City, Misamis Occidental. She is 34 years old and married; although, she is currently separated from her husband. They have been blessed with three children, all of whom attend school. To make a living, Shiela sells fish. She has been engaged in this kind of business for the past five years. She currently earns an average of more than 15,000 PHP per month.
In 2009, Shiela Alona joined PMPC to gain access to financial services to help improve her living situation and her ability to engage in business activities. Shiela Alona is an active member of Paglaum MPC under the Regular Loan Program and has successfully repaid a previous loan of 20,000 PHP. She is now requesting a loan of 40,000 PHP, which will be her third loan. She will use the loan as additional capital for her existing business selling fish. She plans to use the additional revenue generated from the business to improve the general living conditions of her family (meeting their basic needs), to save for the future, to make loan payments, to educate her children, and possibly to 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.