100%

funded

Total loan: $1,050

Mercedita

Flag of Philippines
Tudela-Mialen, Clarin Mis. Occ, Northern Mindanao, Philippines / Services

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A loan helped to purchase equipment for her beauty salon.


Mercedita's story

Mercedita is from the village of Mialen, Clarin, Misamis Occidental. She is 43 years old, married, and has five adult children. To make a living, Mercedita runs a beauty salon. Mercedita has been engaged in her business for 10 years and earns approximately 4,000 Philippine pesos (PHP) a month from it. Mercedita joined PMPC in 2009 to gain access to financial services to help improve her living situation and ability to do business. She has successfully repaid a previous loan of 3,000 PHP from PMPC. This previous loan was used to purchase beauty products. Mercedita is requesting a new loan of 45,000 PHP with which she will purchase equipment for her beauty salon. This loan will be the second loan taken out by Emily from PMPC. She plans to use the additional revenue generated from the business to improve and expand it. 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.