Juanita E. is from the town of Plaridel. She is 49 years old. Juanita is married and has two adult children.
To make a living, Juanita owns and operates a fishing business, harvesting and selling ocean-caught fish in the local community. Juanita has been engaged in her business for over 15 years and earns approximately 20,000 PHP a month.
In 2006, Juanita joined PMPC to gain access to financial services to help improve her business and living situation. Juanita has successfully repaid a previous loan of 10,000 PHP from PMPC. This previous loan was used to to purchase fishing equipment including hooks and nets.
Juanita is requesting a new loan of 14,500 PHP, which will be used to invest in expanding the business. This will be the sixth loan taken out by Juanita from PMPC. She plans to use the additional revenue generated from the loan to improve and 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.