A loan of $925 helped to purchase more products such as shampoo, toothpaste and soap.

Marjoren's story

Marjoren is from the village of Lopez Jaena, Misamis Occidental. She is 32 years old. Marjoren is married and has two school-aged children. To make a living, Marjoren owns & operates a general store selling a variety of different products in the local community. Marjoren has been engaged in her business for over two years and earns approximately 5,000 PHP a month for these activities.

In 2008, Marjoren joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Marjoren has successfully repaid a previous loan of 30,000 PHP from PMPC. Marjoren is requesting a new loan of 40,000 PHP to purchase more products such as shampoo, toothpaste and soap. This loan will be the sixth loan taken out by Marjoren 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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