Total loan: $550
Calamba-Rizal Zamboanga Del Norte, , Philippines / Retail
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A loan helped Additional capital for the business.
Jovencio C. is from the village of Tolon. He is 46 years old, married and has 3 school-aged children. To make a living, Jovencio sells steel furniture in the local community. Jovencio has been engaged in his business for over 3 years and earns approximately 5,000 PHP a month from these activities. In 2010, Jovencio joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Jovencio is requesting a loan of 25,000 PHP which will be used as additional capital for the business. This will be Jovencio's first loan from PMPC. 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.