A loan of $275 helped to purchase additional inventory and to use as working capital.

Leonor's story

Leonor G., pictured on the far right making a sale, is from the village of Matugas Bajo, Jimenez, Misamis Occidental. She is 55 years old, is married, and has two school-aged children.

Leonor owns and operates a snack-vending business, selling snacks and other delicacies in the local community. She has been engaged in this business for over four years and earns approximately 6,000 PHP a month.

In 2007, Leonor 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 10,000 PHP from PMPC. This previous loan was used to purchase raw ingredients needed to make food products for sale.

Leonor is requesting a new loan of 12,000 PHP which will be used to purchase additional inventory and used as working capital. She plans to use the additional revenue generated from the business to improve the general living conditions of her 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.

Loan details

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Loan details