A loan of $1,050 helped to purchase an additional motorcycle.

Loida's story

Loida is 51 years old and lives in Ozamiz City, Misamis Occidental, Philippines. She is married with three children. In order to help the family, she sells firewood. Aside from selling firewood, she operates a sari-sari store (general store). She started with capitalization of 3,000 Philippine pesos (PHP) and was able to expand with the help of Paglaum Multi-Purpose Cooperative. Aside from financial assistance, she was also able to generate savings and get insurance.

Now Loida is applying for a 45,000 PHP loan to buy an additional motorcycle for a transport service. This is a new business venture for Loida. Someday she wants to own a mini-mart and will be fully satisfied if she sees her children finish their studies so that they can help her in the future.

Being a MIGS member (Member in Good Standing) of the cooperative, she has been able to manage her income. She is able to provide for the daily needs of her family. Loida is very thankful because, if it were not for Paglaum, she might not have any savings at all nor be guided properly in her finances.

Loan details

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Loan details