Mrs. C. lives at Upper Langub, Calamba, Misamis Occidental. She is 48 years old, married, and blessed with two children who are of school-age.
Mrs. C. owns and operates a specialized retail store, selling a variety of food products in the local community. She has been engaged in her business for more than twenty-one years, and earns 2,100 PHP per month.
Mrs. C. joined PMPC to gain access to financial services to help improve her living situation and her ability to engage in business activities. She has successfully repaid a previous loan of 30,000 PHP from PMPC.
Mrs. C. is requesting a new loan of 22,000 PHP which will be used to purchase additional products to sell. This loan will be her 16th from PMPC. She plans to use the additional revenue generated from the business to financially support immediate members of her family.
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.