Funded

Total loan: $700
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Salome


A loan of $700 helped to purchase raw materials for her 'carenderia' (cafe).


Salome's story

Salome J. is from the village of Central Barangay,Dipolog City. She is 40 years old, married and has 3 school-aged children. Salome operates a family member's business in the food sector, making & selling delicacies in the local community. She has been engaged in this business for one year and earns approximately 5,000 PHP a month.

In 2009, Salome 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 15,000 PHP from PMPC. This previous loan was used to purchase raw ingredients needed for her 'carenderia'. Salome is requesting a new loan of 30,000 PHP which will be used to purchase additional ingredients for her cooked food vending business. This will be the 2nd loan taken out by Salome 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:

14 months
Disbursed date: December 8, 2010
Facilitated by Field Partner: Paglaum Multi-Purpose Cooperative (PMPC)

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: December 8, 2010
Facilitated by Field Partner: Paglaum Multi-Purpose Cooperative (PMPC)