100%

funded

Total loan: $700

Estela

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Ozamis-Calabayan,Misamis Occidental, Northern Mindanao, Philippines / Services

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A loan helped Repair and maintain their computers.


Estela's story

Mrs. Estela B. is from the barangay (village) of Calabayan in Ozamiz City, Misamis Occidental. She is 32 years old, married, and blessed with one school-aged child. To make a living, she operates a internet café. She’s been engaged in this business for 2 years and earns at least Php 6,000.00 per month from computer service rentals. In April 2008, Estela joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Estela as an active member of Paglaum MPC under the Regular Loan Program has successfully repaid a loan of Php 20,000.00. She is now requesting a loan of Php 30,000.00. This 2nd loan will be used to maintain and repair her computers. She plans to use the additional revenue generated from the business to improve her family's living conditions, especially in meeting their basic needs, savings for future use, loan repayments, child’s education and possible business expansions. 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.