Ma. Fe L. is from the village of Diwan, Dipolog City, Zamboanga del Norte. She is 49 years old, married and has 10 children, school- and adult-aged. Ma. Fe owns and operates a food stall, selling a variety of fruits in the local community. Ma. Fe has been engaged in her business for over 20 years and earns approximately PHP 10,000 a month from it.
In 2006, Ma. Fe joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Ma. Fe has successfully repaid a previous loan of PHP 5,000 from PMPC, which was used to to purchase additional products to sell. Ma. Fe is requesting a new loan of PHP 5,000 which will be used to purchase additional products to sell. She plans to use the additional revenue generated from the business to improve/expand her business and to pay her children's tuition fees.
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.