A loan of $325 helped to purchase more raw materials.

Rosemarie's story

Rosemarie B. is from the village of Biasong. She is 35 years old. Rosemarie is married and has four school-aged children. To make a living, Rosemarie owns & operates a manufacturing business. While not the only means for generating revenue, the main source of income for the business comes primarily from manufacturing & selling clay products to local businesses and community members. Rosemarie has been engaged in her business for over one year and earns approximately 4,000 PHP a month for these activities.

In 2008, Rosemarie joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Rosemarie has successfully repaid a previous loan of 10,000 PHP from PMPC. This previous loan was used to purchase additional inventory & working capital. Rosemarie is requesting a new loan of 15000 PHP, which will be used to purchase raw materials to manufacture additional products. This loan will be the third loan taken out by Rosemarie 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 Partners to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.

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