Cynthia B. is from the village of Farmington, Tampilisan, Zamboanga del Norte. She is 40 years old. Cynthia is married and has 4 school-aged children. To make a living, Cynthia owns & operates a business venture in the retail sector in the community she sell variety of product such as shampoo,soap and etcetera that are needs to households. Cynthia has been engaged in her business for over 4 years and earns approximately 1000 PHP a month for these activities.
In 2011, Cynthia joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Cynthia is requesting a loan of 2000 PHP which will be used to purchase additional inventory and as working capital. This will be the 1st loan taken out by Cynthia from PMPC. She plans to use the additional revenue generated from the business to supplement the family's income.
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.