Elizabeth B. is from Gango, Ozamiz City. She is 46 years old, married to Efren B., and blessed with five adult children.
Elizabeth owns and operates a “sari-sari” (variety) store selling a variety of products to local community members. She has been engaged in her business for almost thirty years since she married her husband. She earns approximately 4,000 PHP a month.
In December 2005, Elizabeth joined Paglaum MPC 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 from PMPC.
Elizabeth is now requesting a new loan of 14,900 PHP which will be used to purchase more products to sell. This loan will be her 9th 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 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.