Anecita is 52 years old, married, and a resident of Aguada, Ozamis City, Misamis Occidental, Mindanao: Philippines. Starting with capital of 7,000 PHP, she opened a small restaurant (general store) and was able to expand it with the help of Paglaum Cooperative. Aside from financial assistance, she was able to generate savings and enjoys the benefits given by the co-op. She became a member last February 2011 and has taken out three loans. This loan is to restock raw ingredients for her restaurant.She wishes to maintain her position as a member in good standing and to be able to manage her finances. If not for PMPC, she might not have any savings for future needs. Anecita only wants to live a happy and comfortable life and be able to help her nieces and nephews in their college education obligations.
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.