A loan of $325 helped to invest in expanding the business.

Rodulfo's story

Rodulfo M. is from the village of Danao. He is 54 years old. Rodulfo is married. To make a living, Rodulfo owns and operates a fishing business. While not the only means for generating revenue, the main source of income for the business comes from harvesting and selling ocean-caught fish in the local community. Rodulfo has been engaged in his business for over 10 years and earns approximately 3,000 PHP a month for these activities.

In 2008, Rodulfo joined PMPC to gain access to financial services to help improve his living situation and ability to engage in business activities. Rodulfo has successfully repaid a previous loan of 10,000 PHP from PMPC. This previous loan was used to to purchase fishing equipment including hooks and nets.

Rodulfo is requesting a new loan of 15,000 PHP which will be used to invest in expanding the business. This will be the 3rd loan taken out by Rodulfo from PMPC. He plans to use the additional revenue generated from the business to improve the general living conditions of his 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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