A loan of $450 helped additional capital for her sari-sari store.

Osita's story

Our featured entrepreneur is an active Barangay official from Silangit, Tangub City. Mrs.Osita R. is a Barangay Councilor, 53 years of age, married and blessed with 4 children, 2 young adults and 2 teenagers. Her husband earns an income as a “jabal-jabal” (single motor vehicle for hire) driver. Although he earns an average income of 150 PHP a day, it is not enough to support the family and that is why Mrs. R. undoubtedly engaged in business. She opened up a little sari-sari store and for 2 years she has been able to sustain her business. She is now earning an average net income of 1,500 PHP a month. With good luck, she was also elected as a Barangay Councilor and earns an average honorarium of 3,000 PHP a month, which is so helpful.

With her good reputation in Barangay and her good credit repayment record, Mrs. R. was given the privilege to obtain a first loan of 5,000 PHP. She is now applying for a loan in the amount of 20,000 PHP to add to her capital for her sari-sari store. The future income from this loan will be used to meet the family's daily needs, for loan repayment and for savings. Mrs. R. is hoping that someday her children will finish their studies right up to college, for their good future.

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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