A loan of $275 helped to invest in expanding her fishing business.

Jenelyn's story

Jenelyn M. is from the village of Danao. She is 29 years old, married and has 3 school-aged children. To make a living, Jenelyn owns & operates a fishing business. She harvests and sells ocean-caught fish to the local community. Jenelyn has been engaged in her business for over 15 years and earns approximately 2,500 PHP a month for these activities.

In 2005, Jenelyn joined PMPC to gain access to financial services to help improve her living situation, and her ability to engage in business activities. Jenelyn has successfully repaid a previous loan of 5,000 PHP from PMPC. That loan was used to purchase fishing equipment including hooks & nets. Jenelyn is requesting a new loan of 12,000 PHP which will be used to invest in expanding the business. For Jenelyn, this will be the 4th loan from PMPC. She plans to use the additional revenue generated from the business to improve the living condition 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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