A loan of $1,075 helped to purchase additional inventory and to use as working capital.


Jovita's story

Jovita M. is from the village of Centro Napu, Tudela, Misamis Occidental. She is 67 years old, is married, and has seven adult children.

Jovita owns and operates a general store, selling a variety of different products in the local community. She has been engaged in her business for over six years and earns approximately 1,500 PHP a month.

In 2008, Jovita joined PMPC to gain access to financial services to help improve her living situation and her ability to engage in business activities. She has successfully repaid a previous loan of 50,000 PHP from PMPC. This previous loan was used to to purchase additional products to sell.

Jovita is requesting a new loan of 50,000 PHP which will be used to purchase additional inventory and used as working capital. This loan will be her 4th from PMPC. She plans to use the additional revenue generated from the business to save as a reserve for future emergencies.

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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