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

Allan's story

Allan C. is from the village of Barra, Tudela, Misamis Occidental. He is 32 years old and married and has three school-aged children. To make a living, Allan owns and operates a business harvesting and selling farm-raised fish in the local community. Allan has been engaged in his business for over six years and earns approximately $173 a month from these activities.

In 2009, Allan joined PMPC to gain access to financial services to help improve his living situation and his ability to engage in business activities. Allan is requesting a new loan of 15000 PHP which will be used to invest in expanding the business. This will be his first loan from PMPC. He plans to use any additional revenue generated to improve his 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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