A loan of $325 helped to provide additional capital.

Marites's story

Marites B. is from the village of Napilan, Sapang Dalaga. She is 29 years-old and married with one school-aged child. To make a living, Marites owns and operates a general store. While not the only means for generating revenue, the main source of income for the business comes from the selling of dry goods in the local community. Marites has been engaged in her business for over six years and earns approximately 1,500 PHP a month.

In 2006, Marites joined Kiva partner PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Marites has successfully repaid a previous loan of 2,000 PHP from PMPC. This previous loan was used for personal purposes. Marites is requesting a new loan of 14,900 PHP which will be used to provide additional capital for her business. This loan will be the eight loan taken out by Marites 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

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Loan details