A loan of $1,100 helped to purchase additional inventory & working capital.

Wennie's story

Wennie S. is from the village of Butuay, Jimenez, Misamis Occidental. She is 52 years old. Wennie is married and has three adult children. To make a living, Wennie owns & operates a carenderia business serving local foods to customers in the local community. Wennie has been engaged in her business for over five years and earns approximately 7000 PHP a month for these activities.

In 2004, Wennie joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Wennie has successfully repaid a previous loan from PMPC. Wennie is requesting a new loan of 50,000 PHP, which will be used to purchase additional inventory & working capital. This loan will be the 12th loan taken out by Wennie 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.

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