Esterlita is a farmer and grows corn to earn a living. She has been doing this for 18 years. She has requested a loan of PHP 6,000 to purchase fertilizer for her corn.
Esterlita has been a member of PMPC for six years. In the future, Esterlita hopes to improve her house.
Esterlita is the leader of a three-person group. Although they borrow as a group, each member of the group has their own business.
About Paglaum Multi-Purpose CooperativePaglaum 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.
This is a Group Loan
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Success!! The loan was 100% repaid