Ana S. is from the village of Pob. Manukan. She is 37 years old, married, and has seven school-aged children.
Ana operates a family member's sari-sari (general) store in the local community. She has been engaged in this business for over five years and earns approximately 4,500 PHP a month.
In 2010, Ana joined PMPC to gain access to financial services to help improve her business and living situation. She has successfully repaid a previous loan of 4,000 PHP from PMPC. This previous loan was used to purchase materials for her store renovation.
Ana is requesting a new loan of 10,000 PHP, which will be used to purchase additional products for her store. This will be the second loan taken out by Ana from PMPC. She plans to use the additional revenue generated to improve the general living conditions of her family.
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.