Elma P. is from the town of Baclay, Tukuran, Zambo, Del Sur. She is 45 years old and married with four school-age children. To make a living, Elma owns and operates a fishing business. She harvests and sells farm-raised fish in the local community. Elma has been engaged in her business for over seven years and earns approximately $225 month from these activities.
In 2008, Elma joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Elma has successfully repaid a previous loan of 10,000.00 PHP from PMPC. This previous loan was used to purchase additional fish to sell. Elma is requesting a new loan of 10000 PHP which will be used to purchase additional fish to sell. This will be her fourth loan from PMPC. She plans to use the additional revenue generated from the business to improve her business.
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.