A loan of $250 helped to invest in expanding the business.

Marichu's story

Marichu B. is from the village of Bato. She is 46 years old. Marichu is widowed and has seven adult children. To make a living, Marichu owns and operates a clothing business. The main source of income for the business comes from providing general clothing services to local community members. Marichu has been engaged in her business for over two years and earns approximately 3,000 PHP a month for these activities.

In 2000, Marichu joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Marichu has successfully repaid a previous loan of 12,000 PHP from PMPC. This previous loan was used to purchase additional inventory and working capital. Marichu is requesting a new loan of 10,000 PHP, which will be used to invest in expanding the business. This loan will be the 17th loan taken out by Marichu 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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