A loan of $325 helped to repair a transport vehicle used in the business.

Antero's story

Antero A. is from the village of Centro Hulpa, Tudela, Misamis Occidental. He is 48 years old. Antero is married and has 3 school-aged children. To make a living, Antero owns & operates a service-based business. The main source of income for the business comes from providing transportation services to local community members. Antero has been engaged in his business for over 2 years and earns approximately 10,000 PHP a month from these activities.

In 2008, Antero joined PMPC to gain access to financial services to help improve his living situation and ability to engage in business activities. Antero has successfully repaid a previous loan of 10,000 PHP from PMPC. This previous loan was used to purchase a transport vehicle to improve the business.

Antero is requesting a new loan of 15,000 PHP which will be used to repair a transport vehicle used in the business. This loan will be the 3rd loan taken out by Antero from PMPC. He plans to use the additional revenue generated from the business to financially support immediate members of his 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.

Loan details

Lenders and lending teams

Loan details