Beofnato, age 37, sells groceries and beverages to earn a living. He has operated this business for 10 years. Each month, he earns PhP 4500 doing this type of work. He lives with his wife and their one child in Lusot, Baliangao.
Beofnato has requested a loan in the amount of 30,000 in order to purchase 10 boxes of groceries and 10 cases of beverages for his store.
Beofnato has been a member of PMPC for a year.
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.