All these loans were repaid in a timely manner, and Maricel remains until present a member in good standing. The loan windows of Paglaum MPC helped the couple send their children to school. Recently, Maricel is hooked on the idea of putting up a little "sari-sari" (variety) store. She thinks their daily needs can be supplied by the income from the store. She said it's not a losing battle facing everyday hardships, having her husband by her siD.. And she is truly thankful to Paglaum MPC for keeping them company in all their financial needs. What they focus on is taking care of their existing businesses.
Maricel has applied for a loan in the amount of PHP 40,000 which shall be used for expanding their blacksmith business. A portion of the amount will be for her little store and a fraction will be for the educational needs of her daughter who is in college.
In the future, the couple wishes to operate a real grocery store and wants to acquire a "videoke" machine. They aspire to support their children through their chosen courses and until they establish their own careers. Maricel said all the reason for their sacrifices is their children.
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