Marietta is a new recognized member of PMPC under the individual program. She is 44 years of age and married with two adult-age children. Her major business is a sari-sari (variety) store for selling a variety of basic commodities. She has operated the business for two years, having a monthly income of 4,000 Php (Philippines pesos).
She decided to join PMPC to have financial access to support her business. She took her first loan from PMPC in the amount of Php 20,000 to purchase additional grocery stock for sale, hoping to generate more sales to increase the income to invest more capital in the business and to save for a better 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.