Mrs. Maricel R. N., 26 years old, is married and is a resident of Calabayan, Ozamiz City. She is married to an overseas seaman who is now currently working abroad. She is blessed with one child who is still a minor.
With a passion for business, Maricel decided to engage in business in order not to depend solely on the allotment from her husband. She started her rice retailing business two years ago with capitalization from her savings. Her first customers were her relatives and close friends and she has been able to sustain this business until this time. Presently, she is earning an average net income of not less than P10,000 a month.
With a good credit record from her 1st loan of P15,000 she is now given the privilege of obtaining a loan of P30,000 to add to her capital. Now she is very happy in joining the Coop because she has learned many things, especially in our savings education program, which are very helpful not only for her but also for her child.
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.