A loan of $450 helped to purchase a transport vehicle to improve the business.


Nida's story

Nida D. is from the village of Mansabay Bajo. She is 48 years old. Nida is married and has three adult children. To make a living, Nida operates a fishing business. The main source of income for the business comes primarily from harvesting and selling ocean-caught fish in the local community. Nida has been engaged in her business for more than 10 years and earns approximately 5,000 PHP a month for these activities.

In 2000, Nida joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Nida has successfully repaid a previous loan of 15,000 PHP from PMPC. Nida is requesting a new loan of 20000 PHP, which will be used to purchase a transport vehicle to improve the business. This will be the ninth loan taken out by Nida 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.



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