A loan of $1,050 helped to purchase additional inventory and as working capital.

Jelina's story

Jelina A. is from the town of La Libertad. She is 57 years old. Jelina is married and has two adult-aged children. To make a living, Jelina owns and operates a specialized retail store. While not the only means for generating revenue, the main source of income for the business comes from selling soft drinks, beer, and wine in the local community. Jelina has been engaged in her business for over four years and earns approximately 10,000 PHP a month for these activities.

In 2009, Jelina joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Jelina is requesting a new loan of 50,000 PHP, which will be used to purchase additional inventory and as working capital. This loan will be the first loan taken out by Jelina from PMPC. She plans to use the additional revenue generated from the business to improve/expand her business.

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