A loan of $850 helped to purchase additional inventory and as working capital.

Jethro's story

Jethro H. is from the municipality of Lopez Jaena, Misamis Occidental. He is 33 years old. Jethro is married and has 1 infant child. To make a living, Jethro owns and operates a sari-sari store (a general store). The main source of income for the business comes from selling rice retail in the local community. Jethro has been engaged in his business for over 1 year and earns approximately 9,000 PHP a month for these activities.

In 2008, Jethro joined PMPC to gain access to financial services to help improve his living situation and ability to engage in business activities. Jethro has successfully repaid a previous loan of 20,000 PHP from PMPC. Jethro is requesting a new loan of 40,000 PHP which will be used to purchase additional inventory and as working capital. He plans to use the additional revenue generated from the business to improve/expand his 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

Lenders and lending teams

Loan details