A loan of $1,100 helped to expand his business by purchasing additional products.

Rogelio's story

Rogelio T. is a 46-year-old widower with 1 school-age child from the village of Calube. To earn a living, Rogelio works in the retail sector. Specifically, he runs a general store, where he sells a variety of different products to his local community members. Rogelio has been engaged in his business for over 5 years and earns approximately 7,000 PHP per month from these activities.

In 1999, Rogelio joined Paglaum Multi-Purpose Cooperative (PMPC) to gain access to financial services. As a result, he was able to improve his standard of living and his ability to engage in business activities. Rogelio has already successfully repaid a previous loan from PMPC. Rogelio is now requesting another loan, this time in the amount of 50,000 PHP ($1,100), which will be used to purchase additional products to sell. Notably, this loan would be the eighteenth loan taken out by Rogelio from PMPC. He plans to use the additional revenue generated from the business as a result of the loan to improve the general living conditions of his family.

About PMPC: PMPC is one of the most progressive cooperatives in northwestern Mindanao. It reaches out to the rural poor using the Grameen microfinance model.

Loan details

Lenders and lending teams

Loan details