A loan of $1,125 helped additional capital for her sari-sari store and housing renovation.


Lerica's story

Mrs. Lerica M. is from the village of Ospital, Aloran. She is 49 years old. She is married and blessed with three adult-aged children. She owns and operates a business selling a variety of food products in the local community. She earns a monthly net income in the amount of 3,000 PHP from this business and receives a remittance from her daughter abroad in the amount of 10,000 PHP monthly. In 2000, she joined PMPC to access the programs and services of the COOP. She's availing a new loan in the amount of 50,000 PHP, which will be used for additional capital of her existing business (a sari-sari store) and for housing renovation. 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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