Teresita is 52 years old and lives in P12 Northern Catadman, Ozamiz City, Misamis Occidental. She is married with three adult children. To earn a living, Teresita has a bakery. She earns about PHP 6,000 each month doing this type of work. Teresita has requested a loan of PHP 30,000 to purchase raw ingredients for her bakery. She has been a member of PMPC for three years.
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.