A loan of $350 helped additional capital for her existing sari-sari (variety) store.

Salma's story

Mrs. Salma T. is from the village of Migpangi, Bonifacio, Misamis Occidental. She is 38 years old, married to Celieto T. and blessed with 3 children of whom two are school-aged and the other is still an infant. To make a living, she is presently engaged in operating a sari-sari store. She is also receiving support from her husband who is a tricycle (motorcycle transport) driver. She’s been engaged in this kind of sari-sari store business for 3 years already. They’re earning an average amount of not less than Php 2,500 from this kind of business.

Just this year, Salma joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. As a newly recognized member of Paglaum MPC under the Regular Loan Program, Salma is requesting a loan of Php 15,000 as her 1st loan which will be used as additional capital for her existing sari-sari store. 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, saving for future use, making loan repayments, paying for her children’s education and possible business expansion.

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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