Funded

Total loan: $250
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Paterna


A loan of $250 helped to purchase additional seeds, seedlings & young crops to raise and fertilizers.


Paterna's story

Paterna F. is from the village of Owaon. She is 57 years old, married, and has 3 children. Two of them are adults while the youngest is a student. To make a living, Paterna raises crops. Planting, harvesting, and selling a variety of root crops and vegetables, while not the only means for generating revenue, is the business's main source of income. Paterna has been raising crops for over 7 years and earns approximately 1,500 PHP per month, on average.

In 2009, Paterna joined PMPC to gain access to financial services that could help improve her living situation and ability to engage in business activities. Paterna has successfully repaid a previous loan of 5,000 PHP from PMPC. This previous loan was used to purchase fertilizers such as manure. Paterna is requesting a new loan of 11,000 PHP, which will be used to purchase additional seeds, seedlings, fertilizers, and young crops to raise. This loan will be the 3rd loan Paterna has taken out by from PMPC, and this is her second loan from Kiva. 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 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

Loan length:

11 months
Disbursed date: December 21, 2009
Facilitated by Field Partner: Paglaum Multi-Purpose Cooperative (PMPC)

Lenders and lending teams



Loan details

Loan length:

11 months
Disbursed date: December 21, 2009
Facilitated by Field Partner: Paglaum Multi-Purpose Cooperative (PMPC)