A loan of $1,100 helped to purchase computer accessories and to pay her husband's placement fee.

Loreta's story

A brave and gorgeous entrepreneur at the age of 35, living in Migcanaway, Tangub City, is what Loreta A. is. She is married to Jack A., an OFW (Overseas Filipino Worker).

Upon hearing the good news of Paglaum MPC being one of the most outstanding cooperatives in Northern Mindanao and the awarded coop for being “Most Outstanding Cooperative in the Philippines” during the search for COOP-LGU Partnership Award 2006, Loreta joined the cooperative last year.

Since business is her art in life, she opened up a sari-sari (variety) store that helps in meeting their daily needs in life with an average net income since 2008 of not less than P200 a day.

To make her dreams in life fully achieved, Loreta started another business: she opened up an Internet Café with ten computers. By doing that, she got a bulls-eye income of not less than P3,000 a month which she said is so helpful to their family income.

With a good credit record, Loreta was given the privilege of obtaining P50,000 as her 2nd loan. This she will use to add to her business capital and the remaining amount for the placement fee for her husband in applying abroad.

Loreta is hoping that her business will become more progressive and her husband will be successful in his application to work abroad.

Loan details

Lenders and lending teams

Loan details