A loan of $1,050 helped to pay for renewal of registration for van.

Calvin's story

Calvin J. is from the town of Sapang Dalaga. He is 59 years old, married, with 3 adult-aged children. To make a living, Calvin owns and operates a business venture in the service sector operating a service-based business. While not the only means for generating revenue, the main source of income for the business comes from the revenue of using a van for transportation services. Calvin has been engaged in his business for over 5 years and earns approximately 15,000 PHP a month from his business.

In 2006, Calvin joined PMPC to gain access to financial services to help improve his living situation and ability to engage in business activities. Calvin has successfully repaid a previous loan of 20,000 PHP from PMPC. Calvin is requesting a new loan of 50,000 PHP which will be used for renewal of the registration for his van and franchise expenses. This loan will be the 7th loan taken out by Calvin from PMPC. He plans to use the additional revenue generated from the business to improve the general living conditions of his 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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