A loan of $1,125 helped to purchase a parcel of land.

Eleuteria's story

Eleuteria Y. is from the village of Magsaysay, Baliangao. She is 56 years old, married, and has eight adult-aged children. To make a living, she grows and sells rice. She has been engaged in her business for over twenty-five years and earns approximately $113 a month for these activities.

In 2004, Eleuteria joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. She has successfully repaid a previous loan of 2,000 PHP from PMPC. This previous loan was used for personal purposes. Eleuteria is requesting a new loan of 50,000 PHP which will be used to purchase a parcel of land. This will be her 14th loan 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.

*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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