Marilou signed up for her membership with PMPC and obtained the needed capital to start up a sari-sari store business. She is thankful for the capital that was extended to a small-time borrower like her. She is able to turn the tide in her favor and is making good sales these days. She wants to take advantage of the good fortune. Recently, she took a loan to restock her store with basic commodities such as canned goods, oil and soy sauce. In the future, she hopes to build a decent home for the family.
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.