Ernesto is 56 years, resides in la Esperanza, Rizal. He is married with three children, who are studying in college. He has engaged in a sari-sari store business for 10 years. His typical net income is PHP 5,000. He is also engaged in farming as another source of income.
He has applied the amount of PHP 45,000 to purchase additional inventory including basic commodities for his sari-sari store. The profit from the sari-sari store is used in supporting the studies of his three children.
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.