A loan of $725 helped to purchase an additional photocopying machine.

Mildred's story

Mildred T. is from the village of Lam-an, Ozamiz City, Misamis Occidental. She is 30 years old. Mildred is married and has one school-age child. To make a living, Mildred owns and operates a photocopying business. She has been engaged in her business for more than two years and earns approximately 5000 PHP a month for these activities.

In 2010, Mildred joined PMPC to gain access to financial services to help improve her business and living situation. Mildred has successfully repaid a loan of 25000 PHP. She is now requesting a new loan of 30000 PHP, which will be used to purchase a Xerox machine. She plans to use the additional revenue generated from the loan 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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