Adelaida B. is from the village of Guba, Clarin, Misamis Occidental. She is 49 years old, married with four school-aged children. To make a living, Adelaida owns and operates a general store where she sells a variety of different products in the local community. Adelaida has been engaged in her business for almost one year and earns approximately 2,000 PHP a month from these activities.
In 2005, Adelaida joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Adelaida is requesting a loan of 14900 PHP which will be used to purchase additional inventory and working capital. This loan will be the 8th taken out by Adelaida from PMPC. She plans to use the additional revenue generated from the business to improve the general living condition of her family.
About PMPC: 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.