A loan of $1,075 helped to buy a motorcycle for livelihood use.

Fe's story

Fe V. is from the village of Tamban, Baliangao, Misamis Occidental. She is 33 years old. Fe is married and has 4 school-aged children. To make a living, Fe works in someone else's business venture selling agricultural equipment. The main source of income for this business comes from planting and harvesting rice and mangoes for sale. Fe has been engaged in her business for over 7 years and earns approximately 7,000 PHP a month for these activities.

In 2006, Fe joined PMPC to gain access to financial services to help improve her living situation and to engage in business activities. Fe has successfully repaid a previous loan of 3,000 PHP from PMPC. Fe is requesting a new loan of 50000 PHP to be used to purchase a transport vehicle to improve the business. This will be the 5th loan taken out by Fe from PMPC. She plans to use it for full payment towards a motorcycle for livelihood use.

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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