Joseph, a father of two children, wants to provide for their needs. A businessman who earns from various ventures, he operates an eatery and a boarding house business, both of which feed his family.
Joseph is now requesting his second loan with PMPC for Php 50,000 to purchase raw ingredients for his eatery. He wants to expand into catering and wishes to maintain his good standing with PMPC.
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.