Leonarda G. is from the town of Plaridel. She is 54 years old and married with 4 adult-aged children. To make a living, Leonarda prepares and sells a variety of food products in the local community. Leonarda has been in this business for over 22 years and earns approximately 8,000 PHP a month.
Leonarda joined PMPC in 2000 to gain access to financial services to help improve her living situation and ability to engage in business activities. Leonarda has successfully repaid a previous loan of 20,000 PHP from PMPC, which she had used to purchase additional products to sell. Leonarda is now requesting her 20th loan from PMPC in the amount of of 30,000 PHP. She will use it for working capital and to purchase additional inventory, and plans to use the additional revenue generated to improve her family's living conditions.
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.