A loan of $250 helped for rice production.

Ricarda's story

Ricarda P. is from the village of Magsaysay, Baliangao. She is 67 years old, married and has five grown children. To make a living, Ricarda grows rice to sell. Ricarda has been engaged in her business for more than 37 years and earns approximately 3500 PHP a month.

In 2002, Ricarda joined PMPC to gain access to financial services to help improve her business and living situation. Ricarda has successfully repaid a previous loan of 2000 PHP from PMPC. This previous loan was used for personal purposes. Ricarda is requesting a new loan of 10000 PHP, which will be used for rice production. This will be the fifteenth loan taken by Ricarda from PMPC.

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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