Mrs. Corazon Q. is from the village of Napisik, Sulipat, Calamba, Misamis Occidental. She is 31 years old, is married, and is blessed with only one school-aged child.
Corazon owns and operates a business selling of variety of food products in the local community. She has been engaged in her business for more than three years and earns 5,000 PHP monthly.
Recently, Corazon is obtaining her 6th loan in the amount of 15,000 PHP which will be used as additional capital for 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.
*Note: To maximize efficiency and reduce costs, this loan was posted using a template to automate the translation by Kiva. Given that manual translation of entrepreneur profiles is costly, Kiva created this template for our Field Partner to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.
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.