Violito P. is from the village of Usocan, Plaridel. He is 67 years old, married, and has five adult-aged children. To make a living, he catches and sells ocean-caught fish in the local community. He has been engaged in his business for over 45 years and earns approximately $110 a month for these activities.
In 2009, Violito joined PMPC to gain access to financial services to help improve his living situation and ability to engage in business activities. He has successfully repaid a previous loan of 35,000 PHP from PMPC. This previous loan was used as additional capital for his business.
Violito is requesting a new loan of 35,000 PHP which will be used to purchase fishing nets and other supplies for fishing. This will be his 3rd loan from 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.
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.