A loan of $250 helped to purchase additional inventory & working capital.

Wilma's story

Wilma is from the town of Plaridel. She is 44 years old. Wilma is married and has four adult children. To make a living, Wilma owns & operates a general store selling a variety of different products in the local community. Wilma has been engaged in her business for over three years and earns approximately 5,000 PHP a month for these activities.

In 2008, Wilma joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Wilma has successfully repaid a previous loan of 6,000 PHP from PMPC. This previous loan was used to purchase new items to expand her product offering. Wilma is requesting a new loan of 10,000 PHP, which will be used to purchase additional inventory & working capital. This loan will be the sixth loan taken out by Wilma 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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