A loan of $1,175 helped to purchase rice products for resale.


Juliet's story

Juliet is from the village of P-2 Nailon Tudela Misamis Occidental. She is 29 years old, married, and has one school-aged child. To make a living, Juliet sells rice in the local community.

Juliet has been engaged in her business for six years and earns approximately 10,000 Philippine pesos (PHP) a month from it. Juliet joined PMPC to gain access to financial services to help improve her living situation and ability to do business. She has successfully repaid a previous loan of 50,000 PHP from PMPC. This previous loan was used to purchase additional rice to sell.

Juliet is requesting a new loan of 50,000 PHP with which she will purchase additional inventory and use for working capital. This loan will be the second loan taken out by Juliet from PMPC. She plans to use the additional revenue generated from the business to improve and expand her business.

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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