A loan of $450 helped to renovate her house.


Marygen's story

Marygen L. is from the village of Unidos. She is 38 years old, is married, and has five school-aged children. Marygen owns and operates a business making and selling food, selling rice products in the local community. She has been engaged in her business for over five years and earns approximately 4,000 PHP a month. In 1999, Marygen 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 5,000 PHP from PMPC. This previous loan was used to to purchase additional inventory and used as working capital. Marygen is requesting a new loan of 20,000 PHP which will be used to invest in renovating their house. This loan will be her 13th from PMPC. 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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