A loan of $325 helped a member to purchase inventory for general store.

Vilma Curambao's Group's story

Mrs. Vilma C. is 39 years old and married with four school-aged children. She is from Cogon, Ozamis City. Vilma is the leader of a two-member loan group with PMPC called Vilma C.’s Group. While each member receives an individual loan, they are all responsible for paying back the loans of their fellow group members if someone is delinquent or defaults.

Vilma owns and operates a sari-sari (variety) store, selling a variety of products to local community members. This is a new business for Vilma and she earns approximately 2,000 PHP a month. Vilma joined PMPC in 2010 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 5,000 PHP from PMPC and is now requesting a loan of 7,000 PHP to purchase additional inventory for her business. This will be her third loan with PMPC. Vilma plans to use the additional revenue generated from her loan 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.

In this group: Vilma, Gloria

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