Mrs.Merlyn D. is from Molave, Zamboanga del Sur. She is 46 years old, married and has 3 children. To make a living, Merlyn operates a farm from her residence and it serves as their main source of income. Merlyn has been engaged in her business for over 5 years and earns approximately 8000 a month for these business activities.
Merlyn joined PMPC to gain access to financial support, to improve her living situation and to have the ability to engage in business activities. Merlyn successfully repaid her previous loan of 30,000 from PMPC. This previous loan was used to invest in expanding the business. Currently, she has a new loan of 40,000, which will be used to add to her business capital. This will be the 6th cycle loan from PMPC. She plans to use the additional capital generated from the business to improve the general living conditions of her 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.
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.