A loan of $275 helped to purchase additional fish to sell.

Alice's story

Alice L. is from the village of Lobogon. She is 32 years old. Alice is married and has 4 school-aged children. To make a living, Alice owns & operates a fish vending business in the food sector operating a fishing business. While not the only means for generating revenue, the main source of income for the business comes primarily from harvesting & selling ocean-caught fish in the local community. Alice has been engaged in her business for over 5 years and earns approximately 8000 PHP a month for these activities.

In 2005, Alice joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Alice has successfully repaid a previous loan of 12000 PHP from PMPC. Alice is requesting a new loan of 12000 PHP which will be used to purchase additional fish to sell. This loan will be the loan taken out by Alice from PMPC. She plans to use the additional revenue generated from the business to improve the general living conditions 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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