In 2009 Wennie joined PMPC to gain access to its financial services. Wennie is an active member of PMPC under the Regular Loan program and has successfully repaid a 15,000 PHP loan. She is requesting a second loan in the amount of 15,000 PHP to be used as additional capital for her business. She plans to use all revenue generated from the business to improve the general living conditions of her family especially in meeting their basic needs and for savings, loan repayments, insurance, her children’s education and possible business expansion.
About Paglaum Multi-Purpose CooperativePaglaum 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.
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Success!! The loan was 100% repaid