Renato is 47 years old and lives in Candanay Sur, Siquijor, Siquijor. He is married with three children who are all adults.
Renato is engaged in the peanut processing business to earn a living and has had this activity for almost 21 years. Each month, he earns approximately PHP 30,000. He has requested a loan amounting to PHP 50,000 to be used to purchase additional equipment for peanut processing.
He has been a member of PMPC for almost one year and shows a good credit record. In the future, he hopes to expand his business with this institution.
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.