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