She operates a store where she sells secondhand and recycled goods. She typically earns approximately 4,000 PHP every month. She explains that she has been running this business for almost five years.
She has requested a loan in the amount of 7,000 PHP to purchase additional recycled materials for her business. Lorna hopes to become successful through her business operations and to expand her business in the neighboring towns of Ozamiz City.
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.
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Success!! The loan was 100% repaid