A loan of $475 helped to redeem their pawned cocoland.

Elena's story

Elena, 62 years old, lives in Lao Sta. Cruz, Plaridel, Misamis Occidental, Mindanao; Philippines. She was gifted with 3 children. Elena is engaged in the fishing business: her husband is a fisherman and they own a small fishing boat.

In need of additional working capital, Elena decided to join Paglaum Cooperative. She has received several loans already and recently requested PHP 20,000 for cocoland redemption, of which she could use the land for planting an agricultural commodity to earn more income. 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. Elena 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. She hopes to own a four-wheel vehicle someday to use for delivering their catch and their agricultural products to all nearby towns.

Loan details

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Loan details