A loan of $1,100 helped as additional capital for their furniture business.


Nena's story

Mrs. Nena P. is from Molave, Zamboanga del Sur. She is 55 years old, married, and has six children. To make a living, Nena and her husband operate a business making furniture and fixtures. They have been engaged in this business for over four years and earn approximately 28,000 PHP per month from these activities.
Nena joined Kiva partner PMPC to gain access to financial services to improve her living situation and ability to engage in business activities. She has successfully repaid a previous loan of 35,000 PHP from PMPC. This loan was used to purchase materials for their business. Now, Nena is requesting a new loan of 50,000 PHP, which will be used as additional capital for their business. They need additional capital because they have a lot of customers who are willing to make purchases but their capital is not sufficient.

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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Loan details