Aida earns a living offering sewing services. She is 62 years old, separated and lives in Cangbagsa, Larena, Siquijor. She is now well known for the nice quality of services she offers. She has already made some new clothing and has been able to save money from selling it. Her service is self-sustainable and has become profitable, with a net profit of about PHP 12,000.00 per month.
Aida is seeking a PHP 20,000.00 loan. She would like to use the loan to purchase special items such as a sewing machine, beads and different colors of cloth. This is a regular loan, and would be repaid in few months. In her previous loans she has never had a delinquency. Aida is very diligent and loves accuracy which only adds to effective management of her venture.
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.