Donia is a microfinance member of PMPC. She is 42 years old, and married with two adult children and one school-aged child. For a period of three years, her major source of income has come from making and selling snacks, and she makes an average monthly income of 1,500 PHP. She has taken another loan from PMPC, in the amount of 6,000 PHP, to purchase ingredients to make snacks. She plans to use the profit to support the daily needs of her family and to save for the education of her child.
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.