A loan of $350 helped additional capital for her sari-sari.

Teofy's story

Teofy is from the village of Dullan, Aloran Oroquieta City. She is 45 years old. Teofy is married and has three school-aged children. To make a living, Teofy owns and operates a sari-sari (variety) store. Teofy has been in this business for about six years and earns approximately 3,000 PHP a month.

In 2004, Teofy joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Teofy has successfully repaid her previous loan of 12,000 PHP. Teofy is requesting a new loan of 14,900 PHP which will be used for her sari-sari store. This loan will be Teofy's eighth loan from PMPC. She plans to use the additional revenue generated from the business to financially support her 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. Because manual translation of entrepreneur profiles is costly, Kiva created this template so its Field Partners could continue to post loans in English while providing quality and accurate information to Kiva lenders.

Loan details

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Loan details