A loan of $1,100 helped to use as additional capital for purchasing cellphone accessories and watch spare parts.

Jerry's story

With skills in watch and cellular phone repair is our featured entrepreneur. He is Mr. Jerry D., 33 years of age, single, and a resident of P5 Maquilao, Tangub City. He has one minor dependent.

Jerry started his watch and cellphone repair business six years ago during the time he was in Manila City and for two years he has established his own repair shop in this city. He is earning an average net income of 11,000 PHP a month at this time and is also receiving a daily income of 150 PHP from his for-hire motor-cab.

Jerry joined Paglaum MPC just this year because he 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 the COOP-LGU Partnership Award, 2006.

As a new member under the regular loan program, Jerry is given the privilege of obtaining 50,000 PHP to add to his capital for purchasing cellphone and watch accessories and spare parts. He is also adding to his cellphone repair equipment.

Jerry’s future plan is to establish another repair outlet. He is also planning to settle down for marriage next year.

Loan details

Lenders and lending teams

Loan details