A loan of $825 helped to purchase a parcel of land.

Gracelyn's story

Gracelyn G. is 35 years old, married and has one school-aged child. She is from the village of Calaran, Calamba. Gracelyn runs a grocery store. Out of this activity, she is able to earn a monthly net income of 4,000 PHP. She has been operating her business for more than 10 years.

In 2005, Gracelyn joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Gracelyn has successfully repaid a previous loan of 14,900 PHP from PMPC. This previous loan was used as additional capital for her business. Gracelyn is requesting her 11th loan of 35,000 PHP which will be used to purchase a parcel of land.

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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