A loan of $1,100 helped to purchase additional inventory and working capital.


Irene's story

Irene P. is from the village of Upper Centro,Tudela, Misamis Occidental. She is 50 years old and married with two adult children. To make a living, Irene owns a general store selling a variety of different products. Irene has been engaged in her business for over 25 years and earns approximately 5000 PHP a month.

In 2005, Irene joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Irene has successfully repaid a previous loan of 30000 PHP from PMPC. This previous loan was used to to purchase additional products to sell. Irene is requesting a new loan of 50000 PHP which will be used to purchase additional inventory and working capital. This loan will be the 7th loan taken out by Irene from PMPC. She plans to use the additional revenue generated from the business to improve and expand the 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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