100%

funded

Total loan: $350

Rosario

Tudela-Napurog,Tudela,Misamis Occidental, Northern Mindanao, Philippines / Agriculture

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A loan helped To purchase additional capital for her business.


Rosario's story

Rosario is from the village of Napurog Tudela, Misamis Occidental. She is 54 years old, married and has three adult children. To make a living, Rosario runs an agricultural business, raising crops in the local community. Rosario has been engaged in her business for 3 months and earns approximately 5000 PHP a month for these activities. Rosario joined PMPC to gain access to financial services to help improve her living situation and her ability to engage in business activities. She has successfully repaid a previous loan of 15000 PHP from PMPC. This previous loan was used to purchase additional products to sell. Rosario is requesting a new loan of 15000 PHP, with which, she will purchase additional inventory and use towards working capital. This will be the seventh loan taken out by Rosario from PMPC. She plans to use the additional revenue generated from the business to improve and expand the business. 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.