Marilyn G. is from Carmen Annex, Ozamiz City. She is 51 years old, married and blessed with 6 children, 4 of adult age and 2 of school age. Marilyn is currently engaged in furniture making, with the help of her husband, and she also operates a food supplements business, selling to her neighbors and friends. Marilyn has been engaged in this business for 31 years and earns approximately 30,000 PHP a month.
In 2006, Marilyn joined PMPC to gain access to financial services to improve her living situation and her ability to engage in business activities. She has successfully repaid a previous loan of 15,000 PHP from PMPC.
Marilyn is now requesting a new loan of 40,000 PHP which will be used to purchase more materials for furniture making. This will be her 7th loan from PMPC. She plans to use the additional revenue generated from the business to improve her family's living standards.
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.