A loan of $275 helped to purchase additional inventory & working capital.

Nicolasa's story

Nicolasa A. is from the village of Rizal in Jimenez, Misamis Occidental. She is 60 years old. Nicolasa is married and has 5 adult children. To make a living, Nicolasa sells vegetables to local community members. Nicolasa has been engaged in her business for over 8 years and earns approximately 7,000.00 PHP a month from these activities.

In 2007, Nicolasa joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Nicolasa has successfully repaid a previous loan of 13,000.00 PHP from PMPC. This previous loan was used to to purchase additional inventory and as working capital. Nicolasa is requesting a new loan of 13000 PHP which will be used to purchase additional inventory to be used as working capital. This loan will be the 9th loan taken out by Nicolasa from PMPC. She plans to use the additional revenue generated from the business to support 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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