A loan of $625 helped to purchase additional inventory.

Leonarda's story

Leonarda G. is from the town of Plaridel. She is 54 years old and married with 4 adult-aged children. To make a living, Leonarda prepares and sells a variety of food products in the local community. Leonarda has been in this business for over 22 years and earns approximately 8,000 PHP a month.

Leonarda joined PMPC in 2000 to gain access to financial services to help improve her living situation and ability to engage in business activities. Leonarda has successfully repaid a previous loan of 20,000 PHP from PMPC, which she had used to purchase additional products to sell. Leonarda is now requesting her 20th loan from PMPC in the amount of of 30,000 PHP. She will use it for working capital and to purchase additional inventory, and plans to use the additional revenue generated 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.

Loan details

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Loan details