A loan of $475 helped to purchase additional inventory and as working capital.

Alicia's story

Alicia B. is from the village of Makawa. She is 37 years old. Alicia is married and has 2 school-aged children. To make a living, Alicia owns and operates a "sari-sari" store (general store). The main source of income for the business comes from selling a variety of different products in the local community. Alicia has been engaged in her business for over 3 years and earns approximately 6000 PHP a month for these activities.

In 2006, Alicia joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Alicia has successfully repaid a previous loan from PMPC. Alicia is requesting a new loan of 22,000 PHP which will be used to purchase additional inventory and working capital. This will be the 7th loan taken out by Alicia from PMPC. She plans to use the additional revenue generated from the business to financially support members of her immediate 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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