A loan of $325 helped to purchase raw ingredients needed to make products for sale.

Lourdes's story

Lourdes S. is from the village of Upper Puntod. She is 46 years old. Lourdes is married and has six school-age children. To make a living, Lourdes makes and sells food. While not the only means for generating revenue, the main source of income for the business comes primarily from selling a variety of food products in the local community. Lourdes has been engaged in her business for more than two years and earns approximately 3,000 PHP a month.

In 2008, Lourdes joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Lourdes has successfully repaid a previous loan of 10,000 PHP from PMPC. This previous loan was used to purchase raw ingredients needed to make products for sale. Lourdes is requesting a new loan of 15000 PHP which will also be used to purchase raw ingredients. This loan will be the third loan taken out by Lourdes from PMPC. She plans to use the additional revenue generated from the business to improve/expand her 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.

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