A loan of $475 helped to purchase fertilizers, such as manure.

Joicy's story

Joicy T. is from the town of Plaridel. She is 31 years old, married and has three school-aged children. To make a living, Joicy owns and operates a business venture in the agriculture sector planting and harvesting rice for sale. Joicy has been engaged in her business for over nine years and earns approximately 10,000 PHP per month from these activities.

In 2008, Joicy joined Kiva partner, 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 15,000 PHP from PMPC. This loan was used to to pay for services to increase crop yield. Joicy is requesting a new loan of 20,000 PHP, which will be used to purchase fertilizers such as manure. This loan will be her fifth from PMPC. She plans to use the additional revenue generated from the business to improve her family's general living conditions.

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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