A loan of $150 helped to purchase additional inventory and to use as working capital.

Teola's story

Teola R. is from the village of Villaramos. She is 44 years old, is married, and has three school-aged children.

Teola owns and operates a specialized retail store, selling daily-use products such as shampoo, soap and toothpaste in the local community. She has been engaged in her business for over ten years and earns approximately 3,000 PHP a month.

In 2009, Teola 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 4,000 PHP from PMPC.

Teola is requesting a new loan of 7,000 PHP which will be used to purchase additional inventory and used as working capital. This loan will be her 4th from PMPC. She plans to use the additional revenue generated from the business to improve the general living conditions of her family.

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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Loan details