Bebelinda C. is from the village of Lumipac. She is 46 years old. Bebelinda is married and has four school-aged children. To make a living, Bebelinda owns and operates a business venture in the retail sector operating a specialized retail store. While not the only means for generating revenue, the main source of income for the business comes primarily from selling daily use products such as shampoo, soap and toothpaste in the local community. Bebelinda has been operating this business for a year now. In 2009, Bebelinda joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Bebelinda has successfully repaid a previous loan from PMPC. Bebelinda is requesting a new loan of 5,000 PHP to invest in expanding the business. This will be Bebelinda second loan from PMPC. Bebelinda plans to use the additional revenue generated from the business to improve the general living conditions of the 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.