A loan of $975 helped to invest in renovating his business.

Maximeno, Sr.'s story

Maximeno F. is from the village of Lupagan, Clarin, Misamis Occidental. He is 70 years old, is married, and has six adult children.

Maximeno owns and operates a business providing party services to local community members. He has been engaged in his business for over forty years and earns approximately 5000 PHP a month.

In 2009, Maximeno joined PMPC to gain access to financial services to help improve his living situation and his ability to engage in business activities. He has successfully repaid a previous loan of 40,000 PHP from PMPC. This previous loan was used to to invest in renovating his business.

Maximeno is requesting a new loan of 45,000 PHP which will again be used to invest in renovating his business. This loan will be his 5th PMPC. He plans to use the additional revenue generated from the business to improve the general living conditions 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.

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