Gloria S. owns and operates a general store selling different products in her community. She is from the village of Dapaon. Gloria is 50 years old, married and has five children. Two of them are already married, while the other two are still in school. Only one of them is working and helping earn the family's living. Gloria is a group member of PMPC. She has been in her business for over two years and earns approximately 7,000 Philippine pesos (PHP) a month.
In 2010, Gloria joined PMPC to gain access to financial services to help improve her living conditions and enable her to engage in business activities. She is requesting a loan of 14,900 PHP which will be used to purchase additional inventory and as working capital. This will be her first loan from PMPC. She plans to use the additional revenue generated from the business to financially support immediate members of her family.
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.