Mrs. Josephine S., 45 years of age, is a sari-sari (general) store owner and a gasoline retailer. She is married, but separated, and a resident of Maquilao, Tangub City. She is blessed with three children, two of whom are still dependent minors. She is also receiving support from her common-law husband who is a fisherman. To help support their family needs, she began a sari-sari store and for five years she has been able to maintain her business. She joined Kiva partner PAGLAUM MPC two years ago because she was very much interested in PMPC's wide product offerings. With her good credit record, she was given the privilege to apply for a loan of 5,000 PHP as her fifth loan to allow her to add to the capital of her sari-sari store and gasoline retailing business. The future income from this business will be used for their daily basic needs and savings.
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.