A loan of $1,150 helped to invest in expanding the business.


Jerilyn's story

Jerilyn C. is from the village of Usocan. She is 54 years old. Jerilyn is married and has five adult-aged children. To make a living, she owns and operates a fishing business, harvesting and selling ocean-caught fish in the local community. She has been engaged in her business for over thirty years and earns approximately $345 a month for these activities.

In 2006, Jerilyn 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 20,000 PHP from PMPC. This previous loan was used to purchase fishing equipment, including hooks and nets.

Jerilyn is requesting a new loan of 50,000 PHP which will be used to invest in expanding the business. This will be her 9th loan from PMPC. She plans to use the additional revenue generated from the business 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.



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