Be Marie M. is from the village of Mitazan, Aloran Mis. Occ. She is 43 years old, married and has five school-aged children. To make a living, Be Marie makes and sells food, mostly snacks and other delicacies in the local community. She has been in business for over five years and earns approximately 4,000 PHP a month.
In 2002, Be Marie joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. She has successfully repaid a previous loan of 14,900.00 PHP from PMPC. Be Marie is requesting a new loan of 35000 PHP to purchase additional inventory and for working capital. This loan will be her 12th from PMPC. She plans to use the additional revenue generated from her business to support her family.
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.