A loan of $500 helped a member to purchase additional inventory and to use as working capital.

May Flor's Group's story

May Flor C. is from the village of Camanga, Tukuran, Zamboanga del Sur. She is 26 years old and is the group leader of a two-member group loan offered by PMPC. While each member of the group receives an individual loan, they are both collectively responsible for paying back the loan of their fellow group member if they are delinquent or default.

May Flor is married and has one infant child. She owns and operates a specialized retail store, selling clothing and shoe products in the local community. She has been engaged in her business for over two years and earns approximately 11,000 PHP a month.

May Flor joined PMPC to gain access to financial services to help improve her living situation and her ability to engage in business activities. She is requesting a loan of 7,000 PHP which will be used to purchase additional inventory and used as working capital. This loan will be her first from PMPC.

May Flor plans to use the additional revenue generated from the business to improve and 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.

In this group: May Flor, Merlinda T

Loan details

Lenders and lending teams

Loan details