Michael Angelo is from Dicayas, Dipolog City. He is 34 years old, married and has two children. Michael Angelo is just starting this business, an eatery.
This is his first time taking a loan, and he is availing himself of 50,000 PHP taken out from PMPC which will be used to purchase more raw ingredients for his eatery business. He plans to use the additional revenue generated from the business to improve his family's general living conditions.
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.