Lerica M. has a "sari-sari" (variety store) to generate her daily income. She is 49 and married, living in Ospital, Aloran, Misamis Occidental. Out of five, three of her children are still in school. She joined Paglaum Multi-Purpose Cooperative to avail herself of its credit facilities & insurances. She availed herself of loans several times already. Now, she has applied for a loan of 50,000 PHP. The money will be used as additional capital for her store. She hopes to replace her present "sari-sari" store with a concrete one and she also plans to save for the education of her children.
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.