A loan of $350 helped additional capital for corn production.

Alfreda's story

Alfreda S. is from the village of Salimpuno, Sapang Dalaga. She is 28 years old, married and has one school-aged child. To make a living, she plants and sells assorted crops. She has been engaged in her business for over 5 years and earns approximately $70 a month for these activities.

In 2006, Alfreda 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 14,900 PHP from PMPC. This previous loan was used as additional capital for her business.

Alfreda is requesting a new loan of 14,900 PHP which will be used for corn production. This will be her 8th 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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