To yield more income, they want to purchase additional fish nets which they can have for rent. They applied for a loan in the amount of PHP 10,000 from Paglaum Multi-Purpose Cooperative. Clemencia has safeguarded her credit records with the cooperative. Being a member for almost 4 years, she shared that though the loan windows are readily available, the savings products of Paglaum are what she likes most.
Mr. and Mrs. S. have saved for the education of their children. They want their children to be able to fulfill their dreams by pursuing their studies. They conclude that Paglaum MPC has been a consistent partner in extending financial assistance for their livelihood. So if financial difficulties arise, they can always run to Paglaum.
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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