Margie N. is from the city of Dipolog. She is 38 years old and married with 3 school-aged children. To make a living, Margie sells seafood like fish and shrimp in the local community. Margie has been in this business for over 3 years and earns approximately 5,000 PHP a month.
Margie joined PMPC in 2007 to gain access to financial services to help improve her living situation and ability to engage in business activities. Margie has successfully repaid a previous loan of 11,000 PHP from PMPC which she used to purchase more seafood, and she is now requesting her 5th PMPC loan of 11,000 PHP.
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.