Maria Leanie A. operates a fishing business. She is 42 years old and married, and she has six children, all of whom are school-aged. Her fishing business is only a year old and she earns PHP 500 per month from her business. She joined PMPC in 2009 and has since taken out one loan from PMPC. She is currently requesting a loan of PHP 5,000.
Maria plans to use her loan to buy more equipment for her fishing business. She then wants to use her profits to save and repay her loans and she hopes to see her children as university-educated professionals one day.
In the photo, Maria Leanie is shown with a foam case that she uses to carry fish and a fish scale, both of which she wants to update to improve her business.
Paglaum Multi-Purpose Cooperative (PMPC) is one of the most progressive cooperatives in northwestern Mindanao. It reaches out to the rural poor by using the Grameen model.
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.