A loan of $350 helped to purchase additional fish products to sell.

Jonas's story

Jonas V. is from the village of Santa Cruz. He is 56 years old, married, and has six children. To make a living, he sells seafood products, including fish and shrimp, in the local community. Jonas has been engaged in his business for over twenty years and earns approximately $163 a month for these activities.

In 2010, Jonas joined PMPC to gain access to financial services to help improve his living situation and ability to engage in business activities. He is requesting a loan of 15,000 PHP which will be used to purchase additional products to sell. This will be his 1st loan from PMPC. He plans to use the additional revenue generated from the business to financially support immediate members 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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