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

Remedios's story

Remedios D. is from the village of Caputol. She is 54 years old, is married, and has three adult children.

Remedios owns and operates a fruit-vending business, selling a variety of fruits in the local community. She has been engaged in her business for over three years and earns approximately 6,000 PHP a month.

In 2004, Remedios 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 from PMPC.

Remedios is requesting a new loan of 14,900 PHP which will be used to purchase additional inventory and used as working capital. This loan will be her 5th from PMPC. 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