Annie Marie D. is from the city of Opao, Dapitan. She is 41 years old. Annie Marie is married and has 4 school-aged children. To make a living, Annie Marie owns & operates a manufacturing business. The main source of income for the business comes from manufacturing & selling hollow blocks to local businesses and community members. Annie Marie has been engaged in her business for over 6 years and earns approximately 20,000 PHP a month for these activities.
In 2006, Annie Marie joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Annie Marie has successfully repaid a previous loan of 70,000 PHP from PMPC. Annie Marie is requesting a new loan of 50,000 PHP which will be used to purchase additional inventory and as working capital. This will be the 4th loan taken out by Annie Marie from PMPC. She plans to use the additional revenue generated from the business to improve/expand her business.
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.