A loan of $300 helped to purchase fertilizers, such as manure.


Veronica's story

Veronica S. is from the village of Paglaum, Dumalinao. She is 61 years old. Veronica is married and has seven adult children. To make a living, Veronica operates a family member's business venture planting and harvesting rice for sale. Veronica has been engaged in her business for more than 18 years and earns approximately 10000 PHP a month for these activities.

In 2007, Veronica joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Veronica has successfully repaid a previous loan of 7000 PHP from PMPC. This previous loan was used to to invest in expanding the business. Veronica is requesting a new loan of 14000 PHP, which will be used to purchase fertilizers, such as manure. This will be the second loan taken out by Veronica 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 Partner to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.



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