A loan of $1,150 helped to purchase additional grocery stocks.

Jane's story

Mrs. Jane F. is from the village of Clarin, Misamis Occidental. She is 52 years old. Jane is widow and has five adult-age children. To make a living, Jane owns and operates a mini-grocery business. She has been engaged in this kind of business for over 3 years and earns approximately 4,000 PHP a month for this activity.

In January 2009, Jane joined PMPC under pension loan program to gain access to financial services to help improve her living situation and ability to engage in business activities. Jane has successfully repaid a loan of 50,000 PHP. Jane is now requesting a new loan of 50,000 PHP which will be used to purchase additional grocery stocks. 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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