Mr. Francisco G., 54 years of age, is married to Fe and resides at Garang, Tangub City.
Francisco owns a motor vehicle for hire and earns a meager income of P4,500 per month. He acknowledges the fact that he has to earn more for his family and so he decided to approach Paglaum MPC to seek his needed capital. He wants to purchase a motorcycle with sidecar.
Preserving his good standing membership with the Cooperative, he applied for a P40,000 loan. The future income from this loan will be used for meeting his family’s daily basic needs and for loan repayments.
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.