A loan of $150 helped to purchase additional inventory and as working capital.

Sonia's story

Sonia T. is from the village of Barangay Uno. She is 33 years old. Sonia is married and has 2 school-aged children. To make a living, Sonia owns & operates a general store. The main source of income for the business comes from selling a variety of different products in the local community. Sonia has been engaged in her business for over 5 years and earns approximately 3,000 PHP a month for these activities.

In 2009, Sonia joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Sonia has successfully repaid a previous loan of 4,000 PHP from PMPC. Sonia is requesting a new loan of 7,000 PHP which will be used to purchase additional inventory and as working capital. This will be the 3rd loan taken out by Sonia from PMPC. She plans to use the additional revenue generated from the business to improve her business and support the education of her children.

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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