A loan of $375 helped to invest in expanding the business.

Hilda's story

Hilda O. is from the town of Calamba. She is 39 years old. Hilda is married and has four school-aged children. To make a living, she plants and harvests rice to sell. She has been engaged in her business for over five years and earns approximately $164 a month for these activities.

In 2004, Hilda 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 16,000 PHP from PMPC. This previous loan was used to purchase fertilizers such as manure.

Hilda is requesting a new loan of 15,000 PHP which will be used to invest in expanding the business. This will be her 11th loan from PMPC. She plans to use the additional revenue generated from the business to improve the general living conditions 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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