Clara S. is from the municipality of Jimenez, Misamis Occidental. She is 50 years old, married, and has one adult child.
In 2008, Clara joined PMPC to gain access to financial services to help improve her living situation and her ability to engage in business activities.
Clara is requesting a loan of 22,000 PHP as additional capital for her business which is selling rice. This will be her third loan from PMPC. She will be using the loan to purchase sacks of rice to sell to her customers.
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.