A loan of $325 helped to purchase additional materials for the business.


Sylvia's story

Sylvia P. is from the village of Dullan. She is 37 years old. Sylvia is married and has five school-aged children. To make a living, Sylvia owns and operates a junk shop business in the services sector, providing recycling services. The main source of income for the business comes primarily from hauling junk and other waste material for local businesses and community members. Sylvia has been engaged in her business for over five years and earns approximately 7,000 PHP a month from these activities.

In 2004, Sylvia joined PMPC to gain access to financial services. She wished to help improve her living situation and to increase her ability to engage in business activities. Sylvia has successfully repaid a previous loan from PMPC. Sylvia is now requesting a new loan of 14,900 PHP, which will be used to purchase additional materials for the business. This will be the twentieth loan taken out by Sylvia 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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