A loan of $225 helped to invest in expanding the business.

Noemie's story

Noemie M. is from the village of Puntod Lopez Jaena. She is 22 years old. Noemie is married and has 1 infant child. To make a living, Noemie owns and operates a business venture making and selling food. The main source of income for the business comes from selling a variety of food products in the local community. Noemie has been engaged in her business for over 1 year and earns approximately 3,000 PHP a month for these activities.

In 2009, Noemie joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Noemie has successfully repaid a previous loan of 6,000 PHP from PMPC. This previous loan was used to to purchase additional inventory and as working capital. Noemie is requesting a new loan of 10,000 PHP which will be used to invest in expanding the business. This will be the 2nd loan taken out by Noemie 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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