A loan of $400 helped to invest in expanding her business.

Corazon's story

Corazon B. is from the village of Libertad Alto, Sinacaban, Misamis Occidental. She is 45 years old, is married, and has two school-aged children.

Corazon owns and operates a specialized retail store, selling gasoline in the local community. She has been engaged in her business for over fourteen years and earns approximately 3,000 PHP a month.

In 2006, Corazon 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 12,000 PHP from PMPC. This previous loan was used to to purchase additional inventory and used as working capital.

Corazon is requesting a new loan of 18,000 PHP which will be used to invest in expanding her business. This loan will be her 6th from PMPC. She plans to use the additional revenue generated from the business to save as a reserve for future emergencies.

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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