Loreto is 63 years old and married with eight children. He lives in Catadman, Ozamiz City. For the past 15 years, he has owned and operated a transportation business and he provides transportation to his local community. Loreto is a new PMPC member.
Loreto is requesting a 40,000 PHP loan to purchase equipment for a motorcycle repair business. In the future, he hopes to save money for future emergencies.
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.