Quennie M. is from the town of Leon B. Postigo. She is 32 years old. Quennie is married. To make a living, Quennie owns & operates a business venture in the retail sector running a general store. The main source of income for the business comes primarily from selling a variety of products in the local community. Quennie has been engaged in her business for over 3 years and earns approximately 15000 PHP a month for these activities.
In 2008, Quennie joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Quennie has successfully repaid a previous loan of 150,000 PHP from PMPC. This previous loan was used to purchase new items to expand her product offering. Quennie is requesting a new loan of 50000 PHP which will be used to purchase additional products to sell. This loan will be the 12th loan taken out by Quennie from PMPC. She plans to use the additional revenue generated from the business to expand her business.
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.
About Paglaum Multi-Purpose Cooperative
Paglaum Multi-Purpose Cooperative (PMPC) was founded in 1992 by the beneficiaries, parents and staff of the Paglaum Community Development Foundation to address economic and livelihood activities for sustainability. The organization operates in the northwestern provinces of Mindanao and Visayas.
In the local vernacular, “paglaum” means “hope.” The initial foundation is dedicated to child development through a holistic approach. The goal is to build self-reliance and expand opportunity so the poorest of the poor can help themselves.