Angelo P. is from the village of Villa Sudiacal, Baybay Liloy, Zambaonga Del Norte. He is 44 years old. Angelo is married and has two school-aged children. To make a living, Angelo owns and operates a food stall, selling seafood such as fish and shrimp in the local community. Angelo has been engaged in his business for more than 12 years and earns approximately 35000 PHP a month.
In 2009, Angelo joined PMPC to gain access to financial services to help improve his business and living situation. Angelo has successfully repaid a previous loan of 50000 PHP from PMPC. This previous loan was used to to purchase additional products to sell. Angelo is requesting a new loan of 50000 PHP, which he will use to purchase additional products to sell. This will be the third loan taken out by Angelo from PMPC. He plans to use the additional revenue generated from the loan to improve and expand his business.
Paglaum Multi-Purpose Cooperative (PMPC) is one of the most progressive cooperatives in northwestern Mindanao. It reaches out to the rural poor using the Grameen model.
*Note: To maximize efficiency and reduce costs, this loan was posted using a template to automate the translation by Kiva. Given that manual translation of entrepreneur profiles is costly, Kiva created this template for our Field Partner to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.
About Paglaum Multi-Purpose Cooperative
Paglaum Multi-Purpose Cooperative (PMPC) was founded in 1992 by the beneficiaries, parents and staff of the Paglaum Community Development Foundation to address economic and livelihood activities for sustainability. The organization operates in the northwestern provinces of Mindanao and Visayas.
In the local vernacular, “paglaum” means “hope.” The initial foundation is dedicated to child development through a holistic approach. The goal is to build self-reliance and expand opportunity so the poorest of the poor can help themselves.