A loan of $325 helped to invest in expanding the business.

Jovelyn's story

Jovelyn T. is from the village of Unidos. She is 45 years old. Jovelyn is married and has 7 adult children. To make a living, Jovelyn owns and operates a service-based business. The main source of income for the business comes from providing mechanical services to local community members. Jovelyn has been engaged in her business for over 20 years and earns approximately 4,000 PHP a month for these activities.

In 2001, Jovelyn joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Jovelyn has successfully repaid a previous loan of 15,000 PHP from PMPC. This previous loan was used to to purchase additional inventory and working capital. Jovelyn is requesting a new loan of 15,000 PHP which will be used to invest in expanding the business. This will be the 14th loan taken out by Jovelyn from PMPC. She plans to use the additional revenue generated from the business to improve the general living conditions of 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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