Virginia C. is from the village of Molicay, Ozamiz City. She is 51 years old. Virginia is married and has four adult children.
To make a living, Virginia owns and operates a General Store. She has been engaged in this business for three years and makes approximately 7,000 PHP a month.
In 2008, Virginia joined PMPC to gain access to financial services to help improve her living situation by engaging in business activities. She has successfully repaid a previous loan of 10,000 PHP from PMPC.
Virginia is requesting a loan of 10,000 PHP which to purchase variety of products like can goods, shampoo, soap, toothpaste for her general store business. This will be her fourth loan from PMPC. She plans to use the additional revenue generated by the loan to improve 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 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.