Thelma C., 63, is from the city of Dapitan. She is married and has 7 adult-aged children. To make a living, Thelma owns and operates vulcanizing shop. Her main source of income comes from vulcanizing services in the local community. Thelma has engaged in her business for over 2 years and earns approximately 2,500 PHP a month.
In 2006, Thelma joined PMPC to gain access to financial services to improve her living situation and to engage in business activities. Thelma has successfully repaid a previous loan of 14,500 PHP from PMPC to purchase an air compressor. Thelma is requesting a new loan of 14,500 PHP to purchase materials to expand her business. This loan will be the 7th from PMPC. Thelma plans to use the additional revenue to improve the general living conditions of her family.
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.
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.