A loan of $950 helped to purchase a coconut farm.

Doong's story

D. is from the village of Maular, Aloran, Misamis Occidental. He is 55 years old, married and has five adult children.

To make a living, D. runs a coconut farm. He has been engaged in his business for 25 years and earns approximately 7,000 PHP a month.

D. joined PMPC to gain access to financial services to help improve his business and living situation.He is requesting a new loan of 40,000 PHP, with which he will redeem his coconut farm land. HE currently rents his farm, but plans to buy it. This will be the second loan taken out by D. from PMPC. He plans to use the additional revenue generated from the loan to improve and expand his 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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