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


Catalina's story

Catalina V. is from the village of Danao. She is 56 years old. Catalina is married and has six adult children. To make a living, Catalina owns and operates a fishing business, harvesting and selling ocean-caught fish in the local community. Catalina has been engaged in her business for over five years and earns approximately 5,000 PHP a month. In 2007, Catalina joined PMPC to gain access to financial services to help improve her business and living situation. Catalina 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. Catalina 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 Catalina from PMPC. 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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