A loan of $75 helped additional capital for her existing business.

Indolicia's story

Indolicia R. is from the village of Anastacio. She is 49 years old. Indolicia is married and has four school-aged children. To make a living, Indolicia operates a specialized retail store. The main source of income for the business comes from selling daily-use products, such as shampoo, soap and toothpaste, in the local community. Indolicia has been engaged in her business for more than two years and earns approximately 2,500 Philippine pesos (PHP) a month from it..

In 2007, Indolicia joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Indolicia has successfully repaid a previous loan of 6,000 PHP from PMPC. Indolicia is requesting a new loan of 3,000 PHP, which will be used as additional capital for her existing business. This will be the fifth loan taken out by Indolicia from PMPC. She plans to use the additional revenue generated from the business to improve the general living conditions of her family.

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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