A loan of $325 helped purchase of latu (seaweed) for resale.

Ester's story

Ester O. is from the village of Caluya. She is 55 years old, married and has three adult children. Ester owns and operates a business selling seafood. The main source of income for the business comes from selling "latu," the term for seaweed in the local community. Ester has been engaged in her business for over eight years and earns approximately 3,000 Philippine pesos (PHP) a month from it.

In 2006, Ester joined PMPC to gain access to financial services to help improve her living situation and ability to do business. Ester has successfully repaid a previous loan of 10,000 PHP from PMPC. This previous loan was used as additional capital for her business. Ester is requesting a new loan of 14,900 PHP which will be used to purchase "latu" to sell. This loan will be the eighth loan taken out by Ester from PMPC.

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

Lenders and lending teams

Loan details