A loan of $650 helped expansion of the business.


Romulo's story

Romulo B. is from the village of Tabinar. He is 39 years old, married and has 5 school-aged children. Romulo owns and operates a general store, selling dry goods in the local community. Romulo has been engaged in his business for 7 years.

In 2009, Romulo joined PMPC to gain access to financial services to help improve his living situation and ability to engage in business activities. Romulo has successfully repaid a previous loan of 10,000 PHP, which was used as additional capital for his business. Romulo is requesting a new loan of 30,000 PHP which will be used for the expansion of the business. This will be the 2nd loan taken out by Romulo from PMPC. He plans to use the additional revenue generated from the business to improve his family's general living conditions.

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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