A loan of $350 helped to invest in expanding the business.

Romeo's story

Romeo E. is from the village of Tubod. He is 41 years old. Romeo is married and has three school-aged children. To make a living, Romeo owns & operates a business planting & harvesting coconut for sale. Romeo has been engaged in his business for over 10 years and earns approximately 3,000 PHP a month for these activities.

In 2008, Romeo joined PMPC to gain access to financial services to help improve his living situation and ability to engage in business activities. Romeo has successfully repaid a previous loan from PMPC. Romeo is requesting a new loan of 14,900 PHP, which will be used to invest in expanding the business. This loan will be the fourth loan taken out by Romeo from PMPC. He plans to use the additional revenue generated from the business to improve the general living conditions of his 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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