100%

funded

Total loan: $175

Merlyn

Flag of Philippines
Pagadian City, Zamboanga del Sur, Zamboanga Peninsula, Philippines / Retail

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A loan helped to purchase additional inventory and as working capital.


Merlyn's story

Merlyn R. is from Pagadian City. She is 29 years old. Merlyn is single and has 2 school-aged children. To make a living, Merlyn owns and operates a clothing business. The main source of income for the business comes from providing new clothing to local community members. Merlyn has been engaged in her business for over 3 years and earns approximately 3,000 PHP a month for these activities.

In 2008, Merlyn joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Merlyn has successfully repaid a previous loan of 5,000 PHP from PMPC. Merlyn is requesting a new loan of 8,000 PHP which will be used to purchase additional inventory and as working capital. This will be the 4th loan taken out by Merlyn from PMPC. She plans to use the additional revenue generated from the business to improve the general living conditions of her family.

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.