Evelyn is from the village of Lupagan, Clarin, Misamis Occidental. She is 48 years old. Evelyn is married and has three children. To make a living, Evelyn owns & operates a business running a general store, selling daily use products such as shampoo, soap & toothpaste in the local community. Evelyn has been engaged in her business for over six years and earns approximately 2,500 PHP a month for these activities.
In 2007, Evelyn joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Evelyn has successfully repaid a previous loan of 18,000 PHP from PMPC. This previous loan was used to purchase additional products to sell. Evelyn is requesting a new loan of 18,000 PHP, which will be used to purchase additional inventory & working capital. This loan will be the 11th loan taken out by Evelyn from PMPC. She plans to use the additional revenue generated from the business to improve the general living conditions of the borrower's 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.