Berlisa M. is from the village of Mabini, Baliangao, Misamis Occidental. She is 51 years old. Berlisa is married and has 1 adult-aged child. To make a living, Berlisa owns and operates a business venture in retailing. While not the only means for generating revenue, the main source of income for the business comes primarily from selling of variety of goods in the local community. Berlisa has been engaged in her business for more than 10 years and earns approximately 2,000.00 PHP net a month for these activities. In 2005, Berlisa joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Berlisa has successfully repaid a previous loan of 5000 PHP from PMPC. Berlisa is requesting a new loan of 3000 PHP which will be used for additional capital of sari-sari store. This loan will be the 3rd cycle loan taken out by Berlisa 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.
About Paglaum Multi-Purpose Cooperative
Paglaum Multi-Purpose Cooperative (PMPC) was founded in 1992 by the beneficiaries, parents and staff of the Paglaum Community Development Foundation to address economic and livelihood activities for sustainability. The organization operates in the northwestern provinces of Mindanao and Visayas.
In the local vernacular, “paglaum” means “hope.” The initial foundation is dedicated to child development through a holistic approach. The goal is to build self-reliance and expand opportunity so the poorest of the poor can help themselves.