A loan of $350 helped additional Capital for the business.

Thelma's story

Thelma is from the village of Dullan, Aloran, Mis. Occ. She is 57 years old. Thelma is married and has 2 adult children. To make a living, Thelma is a dealer in dried fish and longanisa (sausages). Thelma has been in this business for about 5 years and earns approximately 3,000 PHP a month for this activity.

In 2008, Thelma 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 from PMPC amounting to PHP 12,000. Thelma is requesting a new loan of 14,900 PHP which will be used for her dried fish and longanisa business. This will be the 5th loan taken out by Thelma 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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