A loan of $1,125 helped to purchased grocery stocks.

Rosita's story

Rosita S. is from the village of Carmen Annex, Ozamiz City, Misamis Occidental. She is 60 years old, married, and has four adult children. To make a living, Rosita owns and operates a general store. While not the only means for generating revenue, the main source of income for the business comes from selling a variety of different products in the local community. Rosita has been engaged in her business for over five years and earns approximately 5,000 PHP a month from these activities.

In 2009, Rosita 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 30,000 PHP from PMPC. This previous loan was used to purchase additional grocery stock.

Rosita is requesting a new loan of 50,000 PHP, which will again be used to purchase additional grocery stock. This will be her 5th loan from PMPC. She plans to use the additional revenue generated from the business to improve the general living conditions for 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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