A loan of $250 helped pawned nipa plantation.

Petronila's story

Petronila C. is from the village of Sapang Ama, Sapang Dalaga. She is 47 years old, married and has six adult children. To make a living, Petronila owns and operates a business in the arts sector weaving nipa, a native roof in the local community. While not the only means for generating revenue, the main source of income for the business comes from selling of nipa. Petronila has been engaged in her business for more than 23 years and earns approximately 4,000 PHP a month for these activities.

In 2006, Petronila joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Petronila has successfully repaid a previous loan of 50,000 PHP from PMPC. Petronila is requesting a new loan of 11,000 PHP, which will be used on nipa plantation. This loan will be the ninth loan taken out by Petronila from PMPC.

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.

Loan details

Lenders and lending teams

Loan details