Lourdes, a 56-year-old married mother of three grown children, lives in Gango, Ozamiz City. She has a buy-and-sell business of rice that earns her approximately PHP 10,000.00 each month.
A member of PMPC for four year, Lourdes has requested a loan to purchase inventories for her enterprise like bags of rice to sell. In the future, she hopes to improve her living conditions with enough savings for her retirement.
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.