Evelyn B. is from Pagadian City. She is 37 years old, is married, and has four school-aged children.
Evelyn owns and operates a general store, selling a variety of different products in the local community. She has been engaged in her business for over four years and earns approximately 6,500 PHP a month.
In 2009, Evelyn joined PMPC to gain access to financial services to help improve her living situation and her ability to engage in business activities. She is requesting a loan of 7,000 PHP which will be used to purchase additional products to sell. This loan will be her first from PMPC. She plans to use the additional revenue generated from the business to improve the general living conditions of her family.
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.