A loan of $900 helped additional capital for her to buy and sell agar-agar.

Jorgita's story

Jorgita F. is from the village of Tamil, Jose Dalman, Zamboanga del Norte. She is 56 years old, a widow, and has 7 adult-aged children. To make a living, Jorgita owns & operates a business venture in the agriculture sector selling Agar-Agar. Jorgita has been engaged in her business for 12 years and earns approximately 8,000 PHP a month for these activities.

In 2008, Jorgita joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Jorgita has successfully repaid a previous loan of 14,000 PHP from PMPC. This previous loan was used to purchase additional seaweed to sell. Jorgita is requesting a new loan of 40,000 PHP which will be used to purchase additional inventory & working capital. This loan will be the 5th loan taken out by Jorgita from PMPC. She plans to use the additional revenue generated from the business to improve/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.

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