Francisca is a new member of microfinance organization PMPC. She is 56 years old, married, and has four children.
To make a living, Francisca buys coconut shells that she processes into charcoal, which she sells. She's been operated this business for eight months and has a monthly income of 1,000 Philippines pesos (PHP). She is taking a loan through PMPC in order to buy more coconut shells and produce more charcoal, hoping to improve the living conditions of her family in the future.
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.