A loan of $425 helped to purchase additional inventory and use as working capital.

Criselda's story

Criselda A. is from the village of Lobogon. She is 37 years old. Criselda is married and has 1 school-aged child. To make a living, Criselda provides multicab transportation services to local community members. Criselda has been engaged in her business for over 3 years and earns approximately 10000 PHP a month from these activities.

In 2007, Criselda joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Criselda has successfully repaid a previous loan from PMPC. Criselda is requesting a new loan of 20000 PHP which will be used to purchase additional inventory & working capital. This loan will be the 4th loan taken out by Criselda from PMPC. She plans to use the additional revenue generated from the business to improve her family's general living conditions.

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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Loan details