Nero Jose V. is from the village of Taguima, Tudela, Misamis Occidental. He is 37 years old. Nero Jose is married and has one child who attends school. To make a living, Nero Jose owns and operates a general store, where he sells daily use products such as shampoo, soap and toothpaste, in the local community. Nero Jose has been in business for over three years and earns approximately 3,000 PHP a month.
In 2009, Nero Jose joined PMPC to gain access to financial services to help improve his living situation and ability to engage in business activities. Nero Jose is requesting a loan of 20,000 PHP, which will be used to purchase additional products to sell. This loan will be the first loan taken out by Nero Jose from PMPC. He plans to use the additional revenue generated from the business to improve his family's general living conditions.
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.
About Paglaum Multi-Purpose Cooperative
Paglaum Multi-Purpose Cooperative (PMPC) was founded in 1992 by the beneficiaries, parents and staff of the Paglaum Community Development Foundation to address economic and livelihood activities for sustainability. The organization operates in the northwestern provinces of Mindanao and Visayas.
In the local vernacular, “paglaum” means “hope.” The initial foundation is dedicated to child development through a holistic approach. The goal is to build self-reliance and expand opportunity so the poorest of the poor can help themselves.