A loan of $1,125 helped topurchase raw ingredients to make food for sale.

Alfredo's story

Alfredo D. is from the village of Baybay Liloy Zamboanga Del norte. He is 49 years old. Alfredo is married and has 3 school-aged children. To make a living, Alfredo owns & operates a business venture in the food sector making & selling food. While not the only means for generating revenue, the main source of income for the business comes from selling fried foods in the local community. Alfredo has been engaged in his business for over 5 years and earns approximately 7000 PHP a month for these activities.

In 2010, Alfredo joined PMPC to gain access to financial services to help improve his living situation and ability to engage in business activities. Alfredo has successfully repaid a previous loan of 30000 PHP from PMPC. This previous loan was used to purchase raw ingredients needed to make products for sale. Alfredo is requesting a new loan of 50000 PHP, which will be used to purchase raw ingredients needed to make products for sale. This loan will be the 2nd loan taken out by Alfredo from PMPC. He plans to use the additional revenue generated from the business to improve the general living conditions for his 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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