Luzminda T. is 38 years old and lives in Balasdio. She has one child who is not yet old enough to attend school. To earn income, Luzminda runs a general store, selling a variety of food products to the local community. She started the business almost 20 years ago and earns about 10,000 pesos per month. Presently, Luzminda needs a loan of 20,000 pesos to be able to purchase of a new freezer. She hopes that the purchase will help expand the sales business and generate additional income, so that she can afford sending her child to a college.
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.