Hermisa A. is from the town of San Carlos, Tukuran, Zambo. Del Sur. She is 38 years old. Hermisa is married and has four school-aged children. To make a living, Hermisa owns and operates a clothing business, providing new clothing services to local community members. Hermisa is just starting this business.
In 2009, Hermisa joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Hermisa has successfully repaid a previous loan of 4,000 PHP from PMPC. This previous loan was used to to purchase additional fabrics and materials. Hermisa is requesting a new loan of 10,000 PHP, which also will be used to purchase additional fabrics and materials. This loan will be the third loan taken out by Hermisa from PMPC. She plans to use the additional revenue generated from the business to improve and expand 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.