Mr. Nelson Q. is from the village of Bañadero, Ozamiz City, Misamis Occidental. He is 50 years old, married, blessed with one child who is now school-aged. To make a living, he is presently engaged in ministerial work as a church pastor. He’s been engaged in this kind of ministerial work for 15 years already. He’s receiving an average love gift from the congregation in amount of not less than Php 10,000 a month for his ministerial activity.
In July 2009, Nelson joined PMPC to gain access to financial services to help improve his living situation. As an active member of Paglaum MPC under the Regular Loan Program, Nelson has successfully repaid a loan amount of Php 10,000. He is now requesting a loan of Php 15,000 as his 3rd loan which will be used for traveling expenses for his church conference in Manila. He also joined Paglaum MPC because of the other services offered, especially savings and insurance.
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.