A loan of $1,175 helped to purchase a brand new motor.

Rofel's story

Rofel D., from the barangay of P-1 Embargo, Ozamiz City, Misamis Occidental, is 38 years old, married and has one infant-aged child. To make a living, Rofel owns and operates a motorcab for hire. Engaged in his business for over eight years, he earns approximately 5,000 PHP a month.

In 2007, Rofel joined PMPC to gain access to financial services to help improve his living situation and ability to engage in business activities. Having repaid his previous loan of 20,000 PHP, he is now requesting a new loan of 50,000 PHP to purchase a brand new motor. He plans to use the additional revenue generated from the business to improve the general living conditions of his 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

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Loan details