A loan of $300 helped to purchase additional inventory and as working capital.

Aida's story

Aida S. is from the city of Pagadian. She is 48 years old. Aida is married and has 2 adult children. To make a living, Aida owns and operates a clothing business. The main source of income for the business comes from providing general clothing services to local community members. Aida has been engaged in her business for over 3 years and earns approximately 14,000 PHP a month for these activities.

Aida joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Aida has successfully repaid previous loans from PMPC. This previous loan was used to to purchase additional inventory and as working capital. Aida is requesting a new loan of 14,000 PHP which will be used to purchase additional inventory and as working capital. This will be the 3rd loan taken out by Aida from PMPC. She plans to use the additional revenue generated from the business to save as a reserve for future emergencies.

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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