A loan of $475 helped to invest in expanding the business.

Elmira's story

Elmira C. is from the village of Danao. She is 28 years old. Elmira is married and has one school-aged child.

To make a living, Elmira owns and operates a fishing business, harvesting and selling ocean-caught fish in the local community. Elmira has been engaged in her business for over four years and earns approximately 4,000 PHP a month.

In 2007, Elmira joined PMPC to gain access to financial services to help improve her business and living situation. Elmira has successfully repaid a previous loan of 20,000 PHP from PMPC. This previous loan was used to to purchase fishing equipment including hooks and nets.

Elmira is requesting a new loan of 20,000 PHP, which will be used to invest in expanding the business. This will be the seventh loan taken out by Elmira from PMPC. She plans to use the additional revenue generated from the 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.

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