A loan of $1,225 helped a member to purchase additional inventory and for working capital.

Epefania Puyod's Group's story

Epefania P.'s main source of income comes from making and selling snacks and delicacies in her community. Aside from the snack business, she also has other sources of income such as farming and raising pigs. She is 60 years old, married and has five grown up children. She is from the village of Tubod. Epefania has been in her business for over five years and earns approximately 4,500 Philippine pesos (PHP) a month.

In 2002, Epefania joined PMPC to gain access to financial services to help improve her living conditions and enable her to engage in business activities. Epefania has successfully repaid a previous loan from PMPC. Epefania is requesting a new loan of 13,000 PHP which will be used to purchase inventory and for working capital. This will be her 14th loan from PMPC. She plans to use the additional revenue to improve the general living conditions of her family.

Epefania is the leader of a four member group accessing a loan offered by PMPC. While each member of the group receives an individual loan, they are all collectively responsible for paying back the loans of their fellow group members if someone is delinquent or defaults.

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.

In this group: Epefania, Fe, Carolina, Jessibel

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