Rachel A. is from the village of Antonino, Labason, Zamboanga del Norte. She is 37 years old. Rachel is married and has two school-aged children. To make a living Rachel owns and operates a business venture in the retail sector operating a specialized retail store. While not the only means for generating revenue, the main source of income for the business comes from selling products for daily use such as shampoo, soap and toothpaste to the local community. Rachel has been engaged in her business for over a year and earns approximately 3000 PHP a month for these activities.
In 2010, Rachel joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Rachel is requesting a loan of 3000 PHP which will be used to invest in expanding the business. This loan will be the first loan taken out by Rachel from PMPC. She plans to use the additional revenue generated from the business to supplement her 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.