A loan of $675 helped to purchase additional inventory & working capital.

Jocelyn's story

Jocelyn P. is from the village of Sinonoc, Sinacaban, Misamis Occidental. She is 43 years old. Jocelyn is married and has five adult children. To make a living, Jocelyn operates a manufacturing business. The main source of income for the business comes from manufacturing and selling wood products to local businesses and community members. Jocelyn has been engaged in her business for more than five years and earns approximately 18,000 Philippine pesos (PHP) a month from it.

In 2008, Jocelyn joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Jocelyn has successfully repaid a previous loan of 30,000 PHP from PMPC. This previous loan was used to purchase raw materials to manufacture additional products.

Jocelyn is requesting a new loan of 30,000 PHP, which will be used to purchase additional inventory and as working capital. This will be the third loan taken out by Jocelyn from PMPC. She plans to use the additional revenue generated from the business to improve/expand her business.

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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