Funded

Total loan: $125
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Renelita


A loan of $125 helped for LTO registration and franchise renewal.


Renelita's story

Renelita D. is from the village of Banonong. She is 39 years old, is married and has two school-aged children. To make a living, Renelita owns and operates a service-based business. While not the only means for generating revenue, the main source of income for the business comes from providing passenger transportation services such as a motor cab to local community members. Renelita has been engaged in her business for over 10 years and earns approximately 3,000 PHP a month for these activities.

In 2008, Renelita joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. She has successfully repaid a previous loan of 4,000 PHP from PMPC. Renelita is requesting a new loan of 5,000 PHP which will be used for LTO registration and franchise renewal of the transportation unit used primarily in the business. This loan will be the fourth loan which she has taken out from PMPC. She plans to use the additional revenue generated from the business to improve her family's general living conditions.

About PMPC:

Paglaum Multi-Purpose Cooperative (PMPC) is one of the most progressive cooperatives in north-western 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

Loan length:

8 months
Disbursed date: December 11, 2009
Facilitated by Field Partner: Paglaum Multi-Purpose Cooperative (PMPC)

Lenders and lending teams



Loan details

Loan length:

8 months
Disbursed date: December 11, 2009
Facilitated by Field Partner: Paglaum Multi-Purpose Cooperative (PMPC)