A loan of $1,175 helped to purchase more fish to sell.

Leonida's story

Leonida is from the village of Conat, Aloran, Misamis Occidental. She is 54 years old, married and has four adult children. To make a living, Leonida runs a business venture in the food sector selling fish. Her main source of income comes from selling fish in the local community.

Leonida has been engaged in her business for 12 years and earns approximately 8500 PHP a month for these activities. Leonida 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 3000 PHP from PMPC. This previous loan was used to purchase additional fish to sell.

Leonida is requesting a new loan of 50000 PHP with which she will purchase additional inventory. This will be the second loan taken out by Leonida 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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