A loan of $150 helped to purchase additional seeds, seedlings & young crops to raise.


Irene's story

Irene S. is from the village of Bato. She is 22 years old. Irene is married and has 1 infant-aged children. To make a living, Irene owns & operates a business venture in the agriculture sector raising crops. While not the only means for generating revenue, the main source of income for the business comes primarily from planting & harvesting rice for sale. Irene has been engaged in her business for over 10 years and earns approximately 4,000 PHP a month for these activities.

In 2009, Irene joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Irene is requesting a new loan of 7000 PHP which will be used to purchase additional seeds, seedlings & young crops to raise. This loan will be the 1st loan taken out by Irene from PMPC. She plans to use the additional revenue generated from the business to improve the general living conditions of the borrower's 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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