A loan of $175 helped to purchase additional inventory and working capital.

Catherine's story

Catherine Y. is from the village of Mialen, Clarin, Misamis Occidental. She is 18 years old. Catherine is married and has one infant child. To make a living, Catherine owns and operates a business providing clothing supplies to local community members. Catherine is just starting this business.

In 2009, Catherine joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Catherine has successfully repaid a previous loan of 5,000 PHP from PMPC. This previous loan was used to to purchase additional inventory and working capital. Catherine is requesting a new loan of 8,000 PHP, which will also be used to purchase additional inventory and working capital. This loan will be the second loan taken out by Catherine from PMPC. She plans to use the additional revenue generated from the business to supplement the family's income.

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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