Margarita is 55 years old and lives in Lower Rizal, Oroquieta City, Misamis Occidental, Philippines. She is married and has five children. Margarita has a store that sells a variety of products, such as soft drinks, cooking oils, bread, biscuits, candies, and many other things. She has had this business for 20 years. She has applied for a loan of PHP 12,000 to buy additional inventory for her store.
Margarita has been a member of PMPC for two years. In the future, Margarita hopes to increase her savings.
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.