A loan of $300 helped to purchase additional inventory and obtain working capital.

Edna's story

Edna D. is from the city of Dipolog. She is 39 years old. Edna is married and has five school-aged children. To make a living, Edna owns and operates a business venture in the retail sector, running a general store. The main source of income for the business comes primarily from selling a variety of different products in the local community. Edna has been engaged in her business for over five years and earns approximately 3,000 PHP a month from these activities.

In 2007, Edna joined PMPC to gain access to financial services. She wished to help improve her living situation and increase her ability to engage in business activities. Edna has successfully repaid a previous loan of 3,000 PHP from PMPC. This previous loan was used to purchase additional products to sell.

Edna is requesting a new loan of 14,000 PHP, which will be used to purchase additional inventory and to obtain working capital. This loan will be the sixth loan taken out by Edna 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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