Anecita Danore is from the village of Bagacay, Sibutad. She is 51 years old and married with four adult children. To make a living, Anecita runs a grocery store. Anecita has been engaged in her business for over five years and earns approximately 3,000 Philippines pesos (PHP) a month from it.
In 2008, Anecita joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Anecita has successfully repaid a previous loan of 14,900 PHP from PMPC.
Anecita is requesting a new loan of 14,900 PHP, which will be used as additional working capital for the business. This will be the seventh loan taken out by Anecita from 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.
About Paglaum Multi-Purpose Cooperative
Paglaum Multi-Purpose Cooperative (PMPC) was founded in 1992 by the beneficiaries, parents and staff of the Paglaum Community Development Foundation to address economic and livelihood activities for sustainability. The organization operates in the northwestern provinces of Mindanao and Visayas.
In the local vernacular, “paglaum” means “hope.” The initial foundation is dedicated to child development through a holistic approach. The goal is to build self-reliance and expand opportunity so the poorest of the poor can help themselves.