100%

funded

Total loan: $350

Melitona

Sindangan-Siare, Sindangan, Zamboanga Del Norte, Zamboanga Peninsula, Philippines / Retail

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A loan helped additional inventory & working capital.


Melitona's story

Melitona B. is from the village of Siare. She is 53 years old, married and has 6 children. To make a living, Melitona owns & operates a general store. The main source of income for the business comes from selling a variety of different products in the local community. Melitona has been engaged in her business for over 3 years and earns approximately 7,000 PHP a month. In 2007, Melitona joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. She has successfully repaid a previous loan of 14,900 PHP from PMPC, which was used to to purchase additional products to sell. She is requesting a new loan of 14,900 PHP, which will be used to purchase additional inventory & as working capital. This will be Melitona’s 5th loan from PMPC. She plans to use the additional revenue generated from the business to pay her children’s tuition fees. 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.