A loan of $350 helped additional capital of her Business.


Aurelia's story

Aurelia is from the village of Caputol, Aloran Misamis Occidental. She is 59 years old, married and has five adult-aged children. To make a living, Aurelia runs a business venture in the retail sector. While not the only means for generating revenue, her main source of income comes from operating a retail store in the local community.

Aurelia has been engaged in her business for 15 years and earns approximately 3000 PHP a month for these activities. Aurelia joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. She has successfully repaid a previous loan of 14900 PHP from PMPC. This previous loan was used to purchase additional products to sell.

Aurelia is requesting a new loan of 14900 PHP with which she will purchase additional inventory and use for working capital. This loan will be the second loan taken out by Aurelia from PMPC. She plans to use the additional revenue generated from the business to improve/expand her business.

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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