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.
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.