Total loan: $475
Plaridel-Lopez Jaena, Misamis Occidental, Northern Mindanao, Philippines / Food
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A loan helped To buy inventory & use as working capital.
Adeline B. is from the village of Biasong. She is 30 years old. Adeline is married and has 2 school-aged children. To make a living, Adeline owns & operates a business venture in the food sector making & selling food. While not the only means for generating revenue, the main source of income for the business comes primarily from selling snacks & other delicacies in the local community. Adeline has been engaged in her business for over 4 years and earns approximately 3,000 PHP a month for these activities. In 2008, Adeline joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Adeline has successfully repaid a previous loan of 13,000 PHP from PMPC. This previous loan was used to purchase raw ingredients needed to make products for sale. Adeline is requesting a new loan of 20000 PHP, which will be used for working capital & to purchase additional inventory. This loan will be the 4th loan taken out by Adeline 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.