A loan of $275 helped to purchase additional inventory.

Laila's story

Laila P. is from the town of Lopez Jaena. She is 37 years old. Laila is married and has 6 school-aged children. To make a living, Laila manufactures and sells clay products to local businesses and community members. Laila has been engaged in her business for over 2 years and earns approximately 3,000 PHP a month from these activities.

In 2008, Laila joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Laila has successfully repaid a previous loan of 10,000 PHP from PMPC. She use the previous loan to purchase raw materials to manufacture additional products. Laila is requesting a new loan of 13000 PHP that she will use to purchase additional inventory and serve as working capital. This will be Laila's third loan from PMPC. She plans to use the additional revenue generated from the business to improve her family's living conditions.

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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