Fe, age 54, raises and sells pigs to members of the local community. She has been engaged in her business for five years and earns approximately 4,000 PHP a month. She and her husband have three grown children and live in the village of Dullan, Aloran, Misamis Occidental.
Fe joined PMPC to gain access to financial services. She wanted to help improve her living situation and increase her ability to engage in business activities.
Fe is requesting a new loan of 5,000 PHP, with which she will purchase feed for her pigs. This loan will be the second loan taken out by Fe from PMPC. She plans to use the additional revenue generated from the business 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 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.