A loan of $1,175 helped to repair her fishing boat for fishing activity.


Geronica's story

Geronica is from the village of Palilan, Jimenez, Misamis Occidental. She is 31 years old, married and has three school-aged children. To make a living, Geronica runs a business venture in the food sector selling fish. Her main source of income comes from selling fish in the local community. Geronica has been engaged in her business for 10 years and earns approximately 2900 PHP a month for these activities. Geronica joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. She has successfully repaid a previous loan of 20,000 PHP from PMPC. This previous loan was used to purchase more fish to sell. Geronica is requesting a new loan of 50,000 PHP with which will serve as financing in repairing her fishing boat for her fishing activity. This will be the 12th loan taken out by her from PMPC. She plans to use the additional revenue generated from the business to improve/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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