Analou P. is from the village of Bago, Sindangan, Zamboanga del Norte. She is 28 years old, married and has two children. To make a living, Analou raises hogs. She has been in business for three years and earns approximately 5,000 PHP a month.
In 2008, Analou joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Analou has successfully repaid a previous loan of 2,700 PHP from PMPC to purchase feed for her pigs. Analou is requesting a new loan of 4,000 PHP to purchase additional inventory and for working capital. This loan will be her fourth from PMPC. She plans to use the additional revenue generated from the business to improve/expand her business.
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.