A loan of $450 helped to purchase additional inventory and to use as working capital.

Helen's story

Helen M. is from the village of Unidos. She is 52 years old, is married, and has four school-aged children.

Helen owns and operates a business making and selling food, selling a variety of food products in the local community. She has been engaged in her business for over seven years and earns approximately 1,200 PHP a month.

In 2004, Helen 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 20,000 PHP from PMPC. This previous loan was used to to purchase raw ingredients needed to make products for sale.

Helen is requesting a new loan of 20,000 PHP which will be used to purchase additional inventory and used as working capital. This loan will be her 10th 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.

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