Felipa O. is from the village of Gumbil,Tudela,Misamis Occidental. She is 42 years old. Felipa is married and has 4 adult-aged children. To make a living, Felipa owns & operates a business venture in the agriculture sector raising livestock. While not the only means for generating revenue, the main source of income for the business comes primarily from raising pigs for sale. Felipa has been engaged in her business for over 31 years and earns approximately 5,000.00 PHP a month for these activities.
In 2007, Felipa joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Felipa has successfully repaid a previous loan of 7,000.00 PHP from PMPC. This previous loan was used to to purchase baby livestock to raise & sell in future. Felipa is requesting a new loan of 7000 PHP which will be used to purchase livestock feed & other supplies. This loan will be the 3rd loan taken out by Felipa from PMPC. She plans to use the additional revenue generated from the business to improve the general living conditions of the borrower's family.
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.
About Paglaum Multi-Purpose Cooperative
Paglaum Multi-Purpose Cooperative (PMPC) was founded in 1992 by the beneficiaries, parents and staff of the Paglaum Community Development Foundation to address economic and livelihood activities for sustainability. The organization operates in the northwestern provinces of Mindanao and Visayas.
In the local vernacular, “paglaum” means “hope.” The initial foundation is dedicated to child development through a holistic approach. The goal is to build self-reliance and expand opportunity so the poorest of the poor can help themselves.