A loan of $1,150 helped additional capital for her business.

Elenita's story

Elenita C., from the village of Tolon, is 36 years old, married and has two school-aged children. To make a living, Elenita has been selling jewelry for over eight years, earning a monthly net income of about 10,000.00.

In 2006, Elenita joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Having fully repaid a previous loan of 30,000 PHP from PMPC that was used as additional capital for her business, she is requesting a new loan, her eighth, of 50,000 PHP which will be used as additional capital.

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 Partners to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.

Loan details

Lenders and lending teams

Loan details