Funded

Total loan: $225
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Clemencia


A loan of $225 helped to purchase additional fish nets.


Clemencia's story

This simple housekeeper from Danao, Plaridel, Misamis Occidental is coping with life's challenges. At the age of 42, Clemencia S. admits that there is no room for her to rest comfortably and wait for unknown blessings. She and her husband Ernesto did not finish any college degree. Given that fact, the couple tried the fishing business. The first few months went by with unpredictable returns. But the couple did not give up. They continued and learned the business. At present, they own 2 units of pumpboats that give a weekly net income of PHP 800 to PHP 1,000. Not bad when they were just starting out.

To yield more income, they want to purchase additional fish nets which they can have for rent. They applied for a loan in the amount of PHP 10,000 from Paglaum Multi-Purpose Cooperative. Clemencia has safeguarded her credit records with the cooperative. Being a member for almost 4 years, she shared that though the loan windows are readily available, the savings products of Paglaum are what she likes most.

Mr. and Mrs. S. have saved for the education of their children. They want their children to be able to fulfill their dreams by pursuing their studies. They conclude that Paglaum MPC has been a consistent partner in extending financial assistance for their livelihood. So if financial difficulties arise, they can always run to Paglaum.



Loan details

Loan length:

12 months
Disbursed date: December 23, 2008
Facilitated by Field Partner: Paglaum Multi-Purpose Cooperative (PMPC)

Lenders and lending teams



Loan details

Loan length:

12 months
Disbursed date: December 23, 2008
Facilitated by Field Partner: Paglaum Multi-Purpose Cooperative (PMPC)