Rosalinda is from the village of Dolores, Clarin, Misamis Occidental. She is a 59-year-old married woman with five adult children. Rosalinda runs an agricultural business venture raising crops in the community. Rosalinda has been engaged in her business for twenty years and earns approximately 10000 PHP a month.
Rosalinda joined Kiva partner Paglaum Multi-Purpose Cooperative (PMPC) to access financial services to help improve her living situation and ability to engage in business activities. She has successfully repaid a previous loan of 12000 PHP from PMPC. This previous loan was used to purchase additional products to sell.
Rosalinda is requesting a new loan of 14000 PHP with which she will purchase additional inventory as working capital. She plans to use the additional revenue generated 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 Bank 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.