Visitacion has a shop that sells grocery items and electronic loads (pre-paid cell phone credits). She has had this business for two years. She requested a loan to purchase new stock to sell.
Visitacion has been a member of PMPC for almost two years. She is the leader of a two-person group. Although they borrow as a group, each member of the group has their 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