A loan of $600 helped to buy more coconuts to sell.

Naida's story

Naida is from the village of Adorable, Jimenez, Misamis Occidental. She is 58 years old, married and has one school-aged child. To make a living, Naida buys and sells coconuts in the local community.

Naida has been engaged in her business for 5 years and earns approximately 2000 PHP a month for these activities. Naida 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 12,000 PHP from PMPC. This previous loan was used to purchase coconuts to sell.

Naida is requesting a new loan of 25,000 PHP with which she will purchase additional coconuts to sell. This will be the sixth loan taken out by Naida 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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Loan details