A loan of $425 helped to purchase additional inventory and for use as working capital.

Meriam's story

Meriam M. is a 43-year-old married mother of two school-aged children and is from Oroquieta City. To make a living, Meriam owns and operates a 'sari-sari' ('various kinds') store business in the retail sector. While not the only means for generating revenue, the main source of income for the business comes from selling a variety of different products in the local community. Meriam has been engaged in her business for over two years and earns approximately 6000 PHP a month from these activities.

In 2007, Meriam joined Kiva partner, PMPC, to gain access to financial services to help improve her living situation and ability to engage in business activities. She has successfully repaid a previous loan from PMPC. Meriam is now requesting a new loan of 20,000 PHP to purchase additional inventory and for use as working capital. This loan will be her sixth from PMPC. Meriam plans to use the additional revenue generated from the business to supplement her family's income.

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.

Loan details

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Loan details