Maquinto T. is in her fourth loan cycle and has been able to pay back her loans with no problems. She is a good member who has been doing her business for many years. She is engaged in food vending, making Puto Conchenta, and other kakanin (Filipino rice snacks). She has a lot of customers because of the good taste of her product. All her children are in school. Her loan will be use to purchase equipment and as additional capital.
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.