Funded

Total loan: $350
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Marcelina

Philippines
Dipolog-Dapitan City, Philippines / Food Production/Sales

A loan of $350 helped to purchase additional products to sell.


Marcelina's story

Marcelina B. is from the village of Potol. She is 57 years old, married and has 4 adult children. Marcelina operates a family member's business in the food sector, making & selling snacks & other delicacies in the local community. She has been engaged in this business for over 10 years and earns approximately 4,500 PHP a month.

In 2008, Marcelina joined PMPC to gain access to financial services to help improve her living situation and her ability to engage in business activities. She has successfully repaid a previous loan of 9,000 PHP from PMPC. This previous loan was used to to purchase raw ingredients needed to make products for sale. Marcelina is requesting a new loan of 14,900 PHP which will be used to purchase additional products to sell and to pay her son's tuition fees. This will be the 8th loan taken out by Marcelina from PMPC. She plans to use the additional revenue generated to improve the general living conditions of her family.

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.



Loan details

Loan length:

12 months
Disbursed date: October 26, 2010
Facilitated by Field Partner: Paglaum Multi-Purpose Cooperative (PMPC)

Lenders and lending teams



Loan details

Loan length:

12 months
Disbursed date: October 26, 2010
Facilitated by Field Partner: Paglaum Multi-Purpose Cooperative (PMPC)