Lila G., 49, is from the village of Larayan, Dapitan City. She is married and has one school-aged child. To make a living, Lila owns and operates a specialized retail store where she sells daily use products such as shampoo, soap and toothpaste in the local community. Lila has been in business for over 5 years and earns approximately 4,500 PHP a month.
In 2006, Lila joined PMPC to gain access to financial services to help improve her living situation and to engage in business activities. Lila has successfully repaid a previous loan of 11,000 PHP from PMPC to purchase products to sell. Lila is requesting a new loan of 14,900 PHP to purchase additional products to sell and for medication of her husband. This loan will be her 9th from PMPC. She plans to use the additional revenue generated from the business to improve her family's living conditions.
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.
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.