A loan of $1,100 helped additional capital.

Cesinia's story

Cesinia B. is from the village of Piao, Sindangan, Zamboanga del Norte. She is 46 years old, married and has five adult children. To make a living, Cesinia owns & operates a general store. Cesinia has been engaged in her business for nine years and earns approximately 5,000 PHP a month for these activities.

In 2007, Cesinia joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Cesinia has successfully repaid a previous loan of 14,900 PHP from PMPC. This previous loan was used to purchase additional products to sell. Cesinia is requesting a new loan of 50,000 PHP, which will be used to purchase additional inventory, as working capital and to build a house for lease. This loan will be the sixth loan taken out by Cesinia from PMPC. She plans to use the additional revenue generated from the business to improve/expand her business.

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

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Loan details