Arlene N. is from Labo, Ozamiz City. She is 42 years old. Arlene is married and has two adult children. To make a living, Arlene owns and operates a business making and selling foods. While not the only means of generating revenue, the main source of income for the business comes from selling snacks and other delicacies in the local community. She has been engaged in this business for six years and earns approximately 4,000 PHP a month.
In 2007, Arlene joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Arlene has successfully repaid a previous loan of 14,900 PHP from PMPC. She is now requesting a new loan of 14,900 PHP which will be used to purchase raw ingredients needed to make products for sale. This will be the 7th loan taken out by Arlene from PMPC. She plans to use the additional revenue generated from the business to improve the general living conditions 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.