Marina is engaged in the fish vending business and earns approximately PHP 2,000 each month doing this type of work. She has requested a loan to be used for purchasing additional fish for sale.
Marina has been a member of PMPC for 7 years. In the future, Marina hopes to expand her business. Marina is the leader of a 3 person group. Although they borrow as a group, each member of the group has her 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