A loan of $650 helped a member to purchase additional inventory & working capital.


Claudia Sundo Group's story

Claudia S. is from the village of Dicoloc, Jimenez, Misamis Occidental. She is 59 years old. Claudia is the group leader of a four-member group loan offered by PMPC. While each member of the group receives an individual loan, they are all collectively responsible for paying back the loans of their fellow group members if someone is delinquent or defaults.

Claudia is married and has six adult-aged children. To make a living, Claudia owns and operates a business venture in the retail sector running a general store. While not the only means for generating revenue, the main source of income for the business comes primarily from selling a variety of different products in the local community. Claudia has been engaged in her business for over 15 years and earns approximately 1,800 PHP a month from these activities.

In 2009, Claudia joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Claudia has successfully repaid a previous loan of 3,000 PHP from PMPC. This previous loan was used to to purchase additional products to sell. Claudia is requesting a new loan of 3,000 PHP which will be used to purchase additional inventory and working capital. This loan will be the 3rd loan taken out by Claudia from PMPC. She plans to use the additional revenue generated from the business to make improvements to her house.

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.

In this group: Claudia, Edurijis, Rosa, Catherine



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