A loan of $1,100 helped as additional capital for a sari-sari store (general store).

Segunda's story

Mrs. Segunda N. is from the village of Magcamiguing, Calamba in Misamis Occidental. She is 42 years old. She is married and blessed with four school-age children. She owns and operates a business selling a variety of food products in the local community. In 2008, she joined Paglaum Multi-Purpose Cooperative (PMPC) to gain access to its programs and services. She has been engaged in her business for more than 20 years, and she earns 8,000 PHP monthly from her business. Segunda is requesting a new loan of 50,000 PHP, which will be used for additional capital in her existing business. This loan will be the third loan taken out by Segunda from PMPC. She plans to use the additional revenue generated from the business to improve/expand her business.

About PMPC:

Paglaum Multi-Purpose Cooperative 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