Marianita E. is from the village of Magcamiguing, Calamba. She is 63 years old, widowed and has 8 adult-aged children. Marianita owns and operates a farming business, generating a monthly net income of 1,500 PHP. She has been operating her business for more than 30 years.
In 2006, Marianita joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Marianita has successfully repaid a previous loan of 10,000 PHP from PMPC, which was used for her business. Marianita is requesting a new loan of 10,000 PHP which will be used to pay for a check up after her tumor surgery. This will be the 8th loan taken out by Marianita 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.