Lucita C. is from the village of Baybay Triunfo, Ozamiz City, Misamis Occidental. She is 47 years old, married, and has one adult child. To make a living, Lucita owns and operates a general store. While not the only means for generating revenue, the main source of income for the business comes from selling a variety of different products in the local community. She has been in business for over 4 years and earns approximately 5,000 PHP a month.
In 2007, Lucita joined PMPC to access financial services to improve her living situation and to engage in business activities. Lucita has successfully repaid a previous loan of 20,000 PHP from PMPC, which was used to purchase additional products to sell.
Lucita is now requesting a loan of 30,000 PHP to purchase more groceries to sell. This will be Lucita's 8th loan from PMPC. She plans to use the additional revenue to improve her family's living conditions.
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.