A loan of $1,125 helped to provide additional capital.


Marianita's story

Marianita P. is from the village of Southwestern. She is 38 years-old and married with five adult children. To make a living, Marianita sells ready-to-wear items. Through this activity she is able to earn a monthly net income of about to 1,600.00. She has been doing her business for more than two years.

In 2001, Marianita joined Kiva partner PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Marianita has successfully repaid a previous loan of 30,000 PHP from PMPC. This previous loan was used as additional capital for her business . Marianita is requesting a new loan of 50,000 PHP which will be used to purchase new stock. This loan will be the 11th loan taken out by Marianita from PMPC.

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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