A loan of $225 helped to invest in expanding the business.

Vinancia's story

Vinancia P., age 60, is from the village of Tuburan. Vinancia is married and has three grown children. To make a living, Vinancia owns and operates a fishing business. The main source of income for the business comes primarily from harvesting and selling ocean-caught fish in the local community. Vinancia has been engaged in her business for over seven years and earns approximately 7,000 PHP a month from these activities.

In 2007, Vinancia joined PMPC to gain access to financial services. She hoped to help improve her living situation and to increase her ability to engage in business activities. Vinancia has successfully repaid three previous loans from PMPC. Vinancia is requesting a new loan of 10,000 PHP, which will be used to invest in expanding the business. 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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