Jenny-ann E. is from the city of Dapitan. She is 28 years old and married with 2 school-aged children. To make a living, Jenny-ann catches and sells wild-caught fish to the local community. Jenny-ann has been engaged in her business for over 8 years and earns approximately 3,500 PHP a month.
Jenny-ann joined PMPC in 2008 to gain access to financial services that would help improve her living situation and ability to engage in business activities. Jenny-ann has successfully repaid a previous loan of 5,000 PHP from PMPC which was used to purchase fishing equipment including hooks and nets. Now Jenny-ann is requesting her 3rd loan, in the amount of 5,000 PHP, to repair her fishing boat so she can continue to improve the 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.