Rachel E. is from the village of Bago. She is 57 years old. Rachel is married and has two children, one of whom is married and the other works to support the family.
Rachel's source of income is her business of selling baked food in the community. She has been engaged in her business for over fifteen years and earns approximately 3,400 PHP a month. In 2007, Rachel joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Rachel is requesting a loan of 14,900 PHP, which will be used to purchase materials and ingredients for baking. This will be her ninth loan from PMPC. She plans to use the additional revenue generated from the business to financially support immediate family members.
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.
About Paglaum Multi-Purpose Cooperative
Paglaum Multi-Purpose Cooperative (PMPC) was founded in 1992 by the beneficiaries, parents and staff of the Paglaum Community Development Foundation to address economic and livelihood activities for sustainability. The organization operates in the northwestern provinces of Mindanao and Visayas.
In the local vernacular, “paglaum” means “hope.” The initial foundation is dedicated to child development through a holistic approach. The goal is to build self-reliance and expand opportunity so the poorest of the poor can help themselves.