Nena R. is from Bañadero, Ozamiz City. She is 61 years old, married with 5 adult-aged children. To make a living, she owns and operates a sari-sari store business, selling a variety of products to local community. She has been engaged in this business for over 6 years and earns approximately 10,000.00 PHP a month.
In September 2006, she joined PMPC to gain access to financial services to improve her living condition and ability to engage in business activities. She has successfully repaid a previous loan from PMPC with the amount of 40,000.00 PHP.She is now requesting a new loan of 50,000.00 PHP which will be used to buy more variety of products to sell to her neighbors. This will be her 8th loan availment from PMPC. She plans to use the additional revenue generated from the business to improve their living standard and to live with a healthy life.
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.