A loan of $475 helped to invest in expanding her business.

Mariquita's story

Mariquita L. is from the village of Unidos. She is 59 years old. Mariquita is married and has two adult children. To make a living, Mariquita owns and operates a business venture in the agricultural sector raising livestock. While not the only means for generating revenue, the main source of income for the business comes primarily from raising chickens for sale. Mariquita has been engaged in her business for more than 10 years and earns approximately 8,000 PHP a month for these activities.

In 2002, Mariquita joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Mariquita has successfully repaid a previous loan of 20,000 PHP from PMPC. This previous loan was used to to purchase livestock feed and other supplies. Mariquita is requesting a new loan of 20,000 PHP, which will be used to invest in expanding the business. This loan will be the 13th loan taken out by Mariquita from PMPC. She plans to use the additional revenue generated from the business 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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