A loan of $1,150 helped to purchase additional products to sell.

Hospe's story

Hospe L. is from the town of Palilan, Jimenez Mis. Occ. Philippines. She is 49 years old. Hospe is married and has 4 school-aged children. To make a living, Hospe owns & operates a business venture in the retail sector running a general store. While not the only means for generating revenue, the main source of income for the business comes primarily from selling a variety of products in the local community. Hospe has been engaged in her business for over 20 years and earns approximately 1,500 PHP a month for these activities.

In 2004, Hospe joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Hospe has successfully repaid a previous loan of 30,000 PHP from PMPC. This previous loan was used to to invest in renovating the business. Hospe is requesting a new loan of 50,000 PHP which will be used to purchase additional products to sell. This loan will be the 9th loan taken out by Hospe from PMPC. She plans to use the additional revenue generated from the business to pay the tuition fees of her children.

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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