A loan of $200 helped to purchase raw ingredients needed to make products for sale.

Elvie's story

Elvie M. is from the village of Poblacion 1 , Clarin,Misamis Occidental. She is 38 years old. Elvie is married and has 2 school-aged children. To make a living, Elvie owns & operates a business venture in the food sector making & selling food. While not the only means for generating revenue, the main source of income for the business comes primarily from selling snacks & other delicacies in the local community. Elvie has been engaged in her business for over 4 years and earns approximately 3,000.00 PHP a month for these activities.

In March 2009, Elvie joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Elvie has successfully repaid a previous loan of 5,000.00 PHP from PMPC. This previous loan was used to to purchase raw ingredients needed to make food products for sale. Elvie is requesting a new loan of 9000 PHP which will be used to purchase raw ingredients needed to make food products for sale. This loan will be the 2nd loan taken out by Elvie from PMPC. She plans to use the additional revenue generated from the business to financially support immediate members of the borrower's 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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