Mr. Marlon L. is from the township of Purok 2 Labo, Ozamiz City, Misamis Occidental. He is 38 years of age and married. He is blessed with 2 children who are both school-aged. To make a living, he is presently engaged in operating a videogames business. He’s been engaged in this kind of business for 5 years already and earns approximately Php 10,000 a month from this business activity.
Just this year, Marlon joined PMPC to gain access to financial services to help improve his living situation and ability to engage in business activities. As an active member of PMPC under the Regular Loan Program, Marlon has successfully repaid a loan amount of Php 15,000. He is now requesting a loan in the amount of Php 30,000 as his 2nd loan to be used as additional capital for his existing videogames business. He plans to use the additional revenue generated from the business to improve the general living conditions of his family especially in meeting their basic needs, saving for future use and for the children’s education, loan repayments, insurance and possible business expansion.
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.