Pedro is 64 years old, married and lives Tuyabang Proper, Oroquieta City, Philippines. Pedro is a farmer and grows palay (unhusked rice) to earn a living. This has brought an income to the family for 8 years already.
Pedro has kept his membership with PMPC for 8 years and maintains a good repayment record. He seeks a loan of Php 49,000 to pay for labor and other related costs including the redemption of coconut pawn land.
In the future, Pedro hopes to have a better future with his family and wants to save for his retirement.
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.