As Paglaum MPC is reaching out to its members to have micro-entrepreneurship training, Maricar is truly benefited. With the constant reminders of the cooperative, she is disciplined to pay her 10 loan cycles on time. The PHP 20,000 she has requested is guaranteed never to be defaulted.
Maricar dreams of growing her little "sari-sari" into a real grocery store. She also hopes to have her children get a good education. But she prays most of all that their business will last.
About Paglaum Multi-Purpose CooperativePaglaum 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.
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Success!! The loan was 100% repaid