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

Jocelyn's story

Jocelyn A. is from the village of Southern Poblacion. She is 34 years old. Jocelyn is married and has 1 school-aged children. To make a living, Jocelyn owns & operates a business venture in the retail sector running a general store. While not the only means for generating revenue, the main source of income for the business comes primarily from selling a variety of different products in the local community. Jocelyn has been engaged in her business for over 2 years and earns approximately 1,500 PHP a month for these activities.

In 2009, Jocelyn joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Jocelyn is requesting a new loan of 7000 PHP which will be used to purchase additional inventory & working capital. This loan will be the 1st loan taken out by Jocelyn 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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