Mrs. Daisy is married and has two children of school age. She is currently a barangay councilor (elected official) of the barangay where she lives. Because her honorarium does not cover their daily needs, she went into business. Her business is buying and selling agricultural products, such as sweet potatoes, bananas of various species, and many others. She has been in this business for one year and has found that it has a good return on investment. She has been a member of Paglaum Multipurpose Cooperative for a year, and she has availed herself of loans before. This loan is intended to buy additional stock for sale, because the store produces a good income for her family and can help in uplifting their financial status.
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.