A loan of $600 helped to purchase fishing materials.

Luz's story

Luz M. is from the village of Casul, Sapang Dalaga. She is 55 years old, married and has 2 adult-aged children. To make a living, Luz owns & operates a business venture in the food sector in fishing. While not the only means for generating revenue, the main source of income for the business comes primarily from selling of ocean-caught fish in the local community. Luz has been engaged in her business for over 22 years and earns approximately 4,000 PHP a month for these activities.

In 2007, Luz joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Luz has successfully repaid a previous loan of 11,000 PHP from PMPC. This previous loan was used as additional capital for her business. Luz is requesting a new loan of 25,000 PHP which will be used to purchase fishing materials. This loan will be the 4th loan taken out by Luz 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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