A loan of $1,125 helped to buy materials for home improvement.

Alma's story

Alma V. is from the city of Ozamiz. She is 47 years old, is married, and has one adult child.

Alma owns and operates a business providing transport service to local community members. She has been engaged in this business for over five years and earns approximately 4,000 PHP a month.

In July 2008, Alma joined PMPC to gain access to financial services to help improve her living situation and her ability to engage in business activities. She has successfully repaid a previous loan of 25,000 PHP from PMPC.

Alma is requesting a new loan of 50,000 PHP, which will be used to buy building materials to improve her home. This will be her fifth loan from PMPC. She plans to use the additional revenue generated from her business to save as a reserve for future emergencies.

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.

Loan details

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Loan details