Eustaquio is from Sindangan, Zamboanga del Norte. He sells a variety of items and that earns him an income of Php 20,000 a month. This is how he supports the needs of his seven children. He joined PMPC in 2011, after hearing all the benefits that the Cooperative extends to its members, especially for their financial needs and insurance.
Eustaquio has come to PMPC for a loan of Php 30,000 to restock the inventory of his 'buy and sell' business. He hopes to repay his obligation in a timely fashion.
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.