A loan of $350 helped for additional capital to buy ingredients to cook.


Agnes's story

To make a living, Agnes N. owns and operates a restaurant in her community. Her other source of income is from her present job in the local government unit in Sindangan. She is 36 years old, married and has three children. They are from the town of Poblacion, Sindangan. Agnes has been in her business for over one year and earns approximately 40,000 Philippine pesos (PHP) a month.

This year, Agnes joined PMPC to gain access to financial services to help improve her living conditions and enable her to engage in business activities. Agnes is an individual member of PMPC. She is requesting a new loan of 15,000 PHP which will be used to purchase products for the business. This will be her second loan from PMPC. She plans to use additional income 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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