Luisa S. is from the village of Napilan, Sapang Dalaga, Misamis Occidental. She is 57 years old, married and has 4 adult-aged children. To make a living, Luisa maintains a corn farm. While not the only means for generating revenue, the main source of income for the business comes primarily from her corn production. Luisa has been engaged in her business for 8 years and earns approximately 16,000 PHP per cropping cycle (about 4 months) for these activities.
In 2006, Luisa joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Luisa has successfully repaid a previous loan of 7,000 PHP from PMPC. Luisa is requesting a new loan of 12,000 PHP which will be used to finance her corn production. This loan will be the 9th loan taken out by Luisa from PMPC. She plans to use the additional revenue generated from the business to improve her farm. 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.
About Paglaum Multi-Purpose Cooperative
Paglaum Multi-Purpose Cooperative (PMPC) was founded in 1992 by the beneficiaries, parents and staff of the Paglaum Community Development Foundation to address economic and livelihood activities for sustainability. The organization operates in the northwestern provinces of Mindanao and Visayas.
In the local vernacular, “paglaum” means “hope.” The initial foundation is dedicated to child development through a holistic approach. The goal is to build self-reliance and expand opportunity so the poorest of the poor can help themselves.