Mercedes S. is from the village of P-10 Manabay, Ozamiz City, Misamis Occidental. She is 32 years old. Mercedes is separated and has one school age child.
To make a living, Mercedes is engaged in video games and direct selling. Mercedes has been engaged in her business for over four year and earns approximately 5,000 PHP a month for these activities.
In 2009, Mercedes joined PMPC to gain access to financial services to help improve her business and living situation. Mercedes is requesting a new loan of 5,000 PHP, which will be used for additional capital of her business. This will be the 3rd loan taken out by Mercedes from PMPC. She plans to use the additional revenue generated from the business to improve the general living conditions of her family.
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.