A loan of $50 helped to purchase livestock feed and other supplies.

Jovelyn's story

Jovelyn B. owns and operates a business raising pigs for sale. She is 29 years old, married and has three school-age children. They are from the town of Sinian, Baliangao Mis. Occ. Jovelyn has been in this business for over six years and earns approximately 5,000 PHP a month.

In 2008, Jovelyn joined PMPC to gain access to financial services to help improve her living conditions and enable her to engage in business activities. Jovelyn has successfully repaid a previous loan of 3,000 PHP from PMPC. Jovelyn is requesting a new loan of 2,000 PHP which will be used to purchase livestock feed and other supplies. This will be her first loan from PMPC. She plans to use the additional revenue to pay the tuition fees of her children.

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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