A loan of $250 helped additional capital to run her retail store.


Joy's story

Joy is from the village of Makawa, Aloran, Misamis Occidental. She is 43 years old. Joy is married and has two school-aged children. To make a living, Joy owns and operates a specialized retail store in the local community. Joy has been engaged in her business for over four months and earns approximately 3,000 PHP a month from these activities.
In 2003, Joy joined PMPC to gain access to financial services to help improve her living situation and her ability to engage in business activities. Joy has successfully repaid a previous loan of 3,000 PHP from PMPC. This previous loan was used to purchase additional inventory and working capital. Joy is requesting a new loan of 5,000 PHP which will be used to purchase additional inventory and working capital. This will be the second loan taken out by Joy from PMPC. She plans to use the additional revenue generated from the business to financially support immediate members 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.



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