A loan of $375 helped a member for additional inventory and working capital.

Solie Dominguez Group's story

Solie D., from the village of Senor, Sinacaban, Misamis Occidental, is the 31-year-old leader of a two-member group loan offered by PMPC. While both members of the group receive an individual loan, they are each responsible for paying back the loan of their fellow member if she is delinquent or defaults.

Solie, who is married and has two school-aged children, owns and operates a general store selling a variety of products in the local community. Engaged in her business for over 10 years, she earns approximately 1,600 PHP a month.

In 2008, Solie joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Having repaid her previous loan of 12000 PHP from PMPC that was used to purchase additional products to sell, she is now requesting her fifth loan for 9000 PHP to purchase additional inventory and use as working capital. Solie plans to use the additional revenue generated from the business to pay the tuition fees of her children.

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.

In this group: Solie, Nelda

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