A loan of $275 helped to purchase feeds and vitamins for her hog-fattening business.


Josephine's story

Josephine R. is from the village of Olingan. She is 54 years old, is widowed, and has two adult and one school-aged children.

Josephine owns and operates a specialized retail store, selling seafood products including fish and shrimp in the local community. She has been engaged in her business for over two years and earns approximately 4,500 PHP a month.

In 2006, Josephine joined PMPC to gain access to financial services to help improve her living situation and her ability to engage in business activities. She has successfully repaid a previous loan of 12,000 PHP from PMPC. This previous loan was used to purchase additional products to sell.

Josephine is requesting a new loan of 12,000 PHP which will be used purchase feeds and vitamins for her new hog-fattening business. This loan will be her 8th from PMPC. She plans to use the additional revenue generated from her 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.



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