A loan of $175 helped to purchase additional inventory & working capital.

Florepe's story

Florepe N. is from the city of Pagadian City. She is 45 years old. Florepe is married and has four adult-aged children. To make a living, she owns and operates a general store, selling food products in the local community. She has been engaged in her business for over three years and earns approximately $125 a month from this activity.

In 2007, Florepe joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. She has successfully repaid a previous loan of 8,000 PHP from PMPC. She is requesting a new loan of 7,000 PHP which will be used to purchase additional inventory and as working capital. This will be her 7th loan from PMPC. She plans to use the additional revenue generated from the business to supplement the family's income.

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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