A loan of $325 helped to purchase additional inventory and as working capital.

Erlinda's story

Erlinda R. is from the village of San Pedro. She is 61 years old. Erlinda is widowed and has 2 adult children. To make a living, Erlinda owns and operates a general store. The main source of income for the business comes from selling a variety of different products in the local community. Erlinda has been engaged in her business for over 5 years and earns approximately 6,000 PHP a month for these activities.

In 2008, Erlinda joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Erlinda has successfully repaid a previous loan of 8,000 PHP from PMPC. This previous loan was used to purchase additional products to sell. Erlinda is requesting a new loan of 14,500 PHP which will be used to purchase additional inventory and as working capital. This will be the 5th loan taken out by Erlinda from PMPC. She plans to use the additional revenue generated from the business to improve/expand her business.

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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