Welita M. is 32 years old, married and has 2 school-aged children. To make a living, Welita engaged in hog raising and earns approximately 6000.00 a month out from selling of piglets in the local community. She has been operating her business for not less than a year.
In 2009, Welita joined PMPC to gain access to financial services to help improve her living conditions and enable her to engage in business activities. She has successfully repaid a previous loan of 5,000 PHP from PMPC which was used to start a new business raising hogs. Welita is requesting a new loan of 30,000 PHP which will be used to purchase feed for her piggery. This will be her second loan from 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.
About Paglaum Multi-Purpose Cooperative
Paglaum Multi-Purpose Cooperative (PMPC) was founded in 1992 by the beneficiaries, parents and staff of the Paglaum Community Development Foundation to address economic and livelihood activities for sustainability. The organization operates in the northwestern provinces of Mindanao and Visayas.
In the local vernacular, “paglaum” means “hope.” The initial foundation is dedicated to child development through a holistic approach. The goal is to build self-reliance and expand opportunity so the poorest of the poor can help themselves.