Mrs. Obellie A. M., 36 years of age, is married and is a resident of 54-D Mabini-Laurel St., Aguada, Ozamiz City. She is blessed with three children of whom two are now in their high school years and the other one is still in the elementary grades. Although separated from her husband, she is still full of hope about her ability to support her three children.
For her source of income, Obellie engaged in a business dealing in RTW (ready-to-wear clothes), bags and imported perfumes. She started this kind of business ten years ago and has been able to sustain her family even in time of crisis. At this time, she is earning an average net income of not less than P15,000 from her business activity which is sufficient to support the family needs.
Aside from that, Obellie also earns an income from a newspaper publication called “Misamis Weekly” which has ten years of existence already in this city. They started this business with a capitalization of P15,000 only.
As a new member of Paglaum MPC under the regular loan program, Obellie is privileged enough to obtain her first loan of P20,000 to add to her revolving capital for her RTW, bags and imported perfumes business. The proceeds of this loan will be used to support her family’s food needs, educational needs and as savings for preparing for the education of her three children in college in the near future.
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.