Amelita D. is from the village of Dicoyong, part of Sindangan, Zamboanga del Norte. She is 46 years old. Amelita is married and has 3 children, one is in pre-school, one is in high school, and the other one is in college. She owns and operates a business venture in the retail sector selling a variety of goods. While not the only means for generating revenue, the main source of income for the business comes primarily from the income of her motorcycle transportation services every day. Amelita has been engaged in her business for over 18 years and earns approximately 12,000 PHP a month for these activities.
In 2008, Amelita joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Amelita has successfully repaid a previous loan of 5,000 PHP from PMPC. This previous loan was used to purchase additional products to sell. Amelita is requesting a new loan of 7,000 PHP, which will be used to purchase additional inventory, working capital, and for motorcycle repair. This loan will be the 7th loan taken out by Amelita from PMPC. She plans to use the additional revenue generated from the business to improve/expand her business.
About 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.