Michael is 21 years old, single, and has one child. He resides in Pasihagon, Siquijor, Siquijor. Michael's source of income is from fishing so he is challenged to have more fishing materials to earn more income for his living expenses.
Michael is requesting a loan for 3,000 PHP, which he will use to purchase fishing materials. He had been a member of PMPC with no negative credit records. In the future, he would like to expand his business.
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.