Mildred T. is from the village of Lam-an, in Ozamiz City, Misamis Occidental. She is 30 years old. Mildred is married and has 1 school-aged child. To make a living, Mildred owns and operates a Xerox copier business. Mildred has been engaged in her business for over 2 years and earns approximately 5,000 PHP a month from these activities.
In 2010, Mildred joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Mildred is requesting a loan of 25,000 PHP to purchase additional materials that will be use for her Xerox copier. This will be Mildred's first loan from PMPC. She plans to use the additional revenue generated from the business to improve her family's living conditions.
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.
About Paglaum Multi-Purpose Cooperative
Paglaum Multi-Purpose Cooperative (PMPC) was founded in 1992 by the beneficiaries, parents and staff of the Paglaum Community Development Foundation to address economic and livelihood activities for sustainability. The organization operates in the northwestern provinces of Mindanao and Visayas.
In the local vernacular, “paglaum” means “hope.” The initial foundation is dedicated to child development through a holistic approach. The goal is to build self-reliance and expand opportunity so the poorest of the poor can help themselves.