Norma A. is from the village of Molave Zamboanga del Sur. She is 44 years old and married with two school-aged children. To make a living, Norma runs a general store, earning her income by selling a variety of different products in the local community. Norma has been engaged in her business for over five years and earns approximately 5,000 PHP a month from these activities.
In 2009, Norma joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Norma is requesting a new loan of 30,000 PHP to purchase additional inventory, to serve as working capital and to repair her store. This will be her fourth loan from PMPC. She plans to use the additional revenue generated from the business to financially support her immediate family.
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.