Total loan: $225
Dipolog-Dapitan City, Zamboanga Peninsula, Philippines / Food
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A loan helped To buy more fish for resale.
Lydia, a 66-year-old resident of Dapitan, Zamboanga del Norte, Philippines, is married to a fisherman whose catches are sold to the public market or to their neighbors. They have been in this business for many years. In 2008, Lydia and her husband joined Paglaum MPC to avail a loan to buy fishing nets. In addition to the financial assistance they received, they also enjoyed add-on benefits such as insurance and savings. Since she wants to be more productive, Lydia has now decided to enter into business herself, purchasing fish in bulk for resale at the market. She is therefore requesting a loan of PHP 10,000 to buy fish for resale. With Paglaum’s help, and with her husband's patience and diligence, she looks forward to becoming a successful vendor and eventually owning a stall in the public market.