Cecilia V. is married and has four adult children.
To make a living, Cecilia owns and operates a "lapida" (epitaph) making business, providing tombstone engraving services to local community members. Cecilia has been in business for more than ten years and earns approximately 10,000 PHP a month.
In 2004, Cecilia joined PMPC to gain access to financial services to help improve her business and living situation. She has successfully repaid a previous loan from PMPC.
Cecilia is requesting a new loan of 14,900 PHP, which will be used as additional working capital. This will be the 11th loan taken out by Cecilia from PMPC. She plans to use the additional revenue generated from the business to improve the general living conditions of 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.