A loan of $900 helped to invest in expanding the business.

Vilma's story

Vilma L., aged 40, is from the village of Gata, Jimenez, Misamis Occidental. She is married and has two adult children. To make a living, Vilma owns and operates a general store. While not the only means for generating revenue, the main source of income for the business comes from selling a variety of different products in the local community. Vilma has been engaged in her business for over two years and earns approximately 4000 PHP a month from these activities.

In 2008, Vilma joined PMPC to gain access to financial services to help improve her living situation and her ability to engage in business activities. She has successfully repaid a previous loan of 14900 PHP from PMPC which was used to purchase additional products to sell. Vilma is requesting a new loan of 40000 PHP which will be used to invest in expanding the business. This will be the fifth loan she has taken out from PMPC. She plans to use the additional revenue generated to improve/expand her business.

About PMPC:

Paglaum Multi-Purpose Cooperative (PMPC) is one of the most progressive cooperatives in north-western 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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