A loan of $1,150 helped to purchase additional products to sell.

Elizabeth's story

Elizabeth T., age 50, is from the town of Sindangan. She is married and has five children. To make a living, Elizabeth works in a family member's specialized retail store, a business that sells clothing and shoe products in the local community. Elizabeth has been engaged in her business for over two years and earns approximately 10,000 PHP a month.

In 2007, Elizabeth joined PMPC to gain access to financial services. Her goal was to help improve her living situation and increase her ability to engage in business activities. Elizabeth has successfully repaid a previous loan of 10,000 PHP from PMPC. This previous loan was used to to purchase additional products to sell. Elizabeth is requesT. a new loan of 50,000 PHP, which will also be used to purchase additional products to sell. This loan will be the ninth loan taken out by Elizabeth from PMPC. She plans to use the additional revenue generated from the business to financially support immediate members of 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 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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