Funded

Total loan: $350
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Carmelita


A loan of $350 helped preparation of her daughter's wedding.


Carmelita's story

Carmelita A. is from the village of Santa Filomena, Dipolog City. She is 53 years old, married, and has three school-aged children. To make a living, she owns and operates a general store, selling a variety of different products in the local community. She has been engaged in her business for over fifteen years and earns approximately $230 a month from this activity.

In 2008, Carmelita joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. She has successfully repaid a previous loan of 10,000 PHP from PMPC. This previous loan was used to invest in expanding her business. Carmelita is requesting a new loan of 15,000 PHP which will be used for the preparation of her daughter's wedding. This will be her 7th loan 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.



Loan details

Loan length:

8 months
Disbursed date: May 24, 2010
Facilitated by Field Partner: Paglaum Multi-Purpose Cooperative (PMPC)

Lenders and lending teams



Loan details

Loan length:

8 months
Disbursed date: May 24, 2010
Facilitated by Field Partner: Paglaum Multi-Purpose Cooperative (PMPC)