Vicente is 46 years old, married and has four children: one infant and three who are school age. They presently reside in Canlambo, Larena, Siquijor.
Vicente has had a fishing business for more than 15 years and earns PHP 6,000 a month to meet the family's needs. He has requested a loan amount of PHP 5,000 to purchase some fishing net materials.
He has been a member in this institution with good credit records, and he aims to have more fishing nets for a better living.
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.