A loan of $550 helped to purchase a secondhand motor cab and to purchase stock for her store.

Patria's story

Mrs. Patria C., 48 years of age, married but separated from her husband, is a resident of Sumirap, Tangub City. She is currently engaged in operating a sari-sari (variety) store along the National Highway.

Patria has two children and both are now of school age. Being separated from her husband is not easy for her but she faced life’s challenge together with her live-in partner who is a driver.

For seven years, Patria was able to sustain her business and now she is earning an average net income of not less than P3,500 a month. She joined Paglaum MPC two years ago because she is very much interested in our products and services and for our being one of the most outstanding cooperative in Northern Mindanao and the awarded coop for being “Most Outstanding Cooperative in the Philippines” during the search for COOP-LGU Partnership Award 2006.

With a good credit record, Patria was able to obtain multiple loans. Now, she is given the privilege of obtaining her 4th loan in the amount of P25,000 with a project proposal of purchasing a secondhand motor cab to be attached to their newly acquired motorcycle to make it a passenger cab for hire. The remainder of the loan will be used to add to the capital of her sari-sari store business.

The future income will be used for Patria’s loan repayments and as savings for the future, especially for emergencies.

Loan details

Lenders and lending teams

Loan details