Sevilla B. is 53 years old, married, and has six adult-aged children. She is from the village of Macabibo, Sapang Dalaga. Sevilla is engaged in growing rice to sell as her main source of income. From this activity, she's able to earn a monthly net income of about $75. She has been in this business for twenty years.
In 2006, Sevilla joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. She has successfully repaid a previous loan of 14,900 PHP from PMPC. This previous loan was used as additional capital for her business.
Sevilla is requesting a new loan of 14,950 PHP which will be used to purchase farm supplies. This will be her 8th loan 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.