A loan of $1,150 helped payment for tuition fees and pocket money for her husband for going back abroad to work.

Belen's story

Mrs. Belen M. is from Barangay of Migcanaway, Tangub City, Misamis Occidental. She is 38 years old, married to Danilo M. and blessed with 4 children all of are now school age. To make a living, she presently manages an electronic repair shop business. She is also receiving support from the salary of her husband as an overseas seaman. She’s been engaged in this kind of electronic repair shop business for 2 years already. She is earning an average amount of not less than PHP 1,500.00 from the business.

Just this year, Belen joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Belen as a newly recognized member of Paglaum MPC under the Regular Loan Program and is now requesting a loan of PHP 50,000.00 as her 1st loan which will be used for the payment of the tuition fees for her children and the remaining amount for pocket money for her husband who is back working abroad. She plans to use the additional revenue generated from the business to improve the general living conditions of her family especially in meeting their basic needs, savings for future use, loan repayments, children’s education and possible business expansions.

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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