A loan of $325 helped to invest in expanding the business.

Criselda's story

Criselda C. is from the village of San Pedro. She is 41 years old, married and has 3 school-aged children. Criselda owns and operates a food stall, primarily selling cultured oyster products known as "talaba" in the local community. Criselda has been engaged in her business for over 6 years and earns approximately 3,500 PHP a month from it.

In 2008, Criselda joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Criselda has successfully repaid a previous loan of 14,000 PHP from PMPC, which was used to to purchase additional inventory and working capital. Criselda is requesting a new loan of 14,500 PHP which will be used to invest in expanding the business. This will be the 6th loan taken out by Criselda from PMPC. She plans to use the additional revenue generated from the business to improve her 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.

Loan details

Lenders and lending teams

Loan details