In 2009, Maria joined PMPC to gain access to financial to help improve her living situation and ability to engage in business activities. Maria has successfully repaid a previous loan of 3,000 from PMPC. This previous loan was used to invest in expanding the business. Maria is requesting a new loan of 30,000 which will be used to invest in expanding the business. This will be the 2nd loan taken out by Maria from PMPC. She plans to use the additional revenue generated from the business to improve the general living conditions of her family.
About Paglaum Multi-Purpose CooperativePaglaum 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.
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