The business is doing well. Simon personally took charge of their business when his father got sick. When he was challenged by financial difficulties, he has sought assistance from Paglaum. With his first loan, in 2008, he was able to purchase computer equipment and photography materials.
Now, Simon sees a good opportunity to venture into a new business for added income. He is requesting PHP 10,000 from Paglaum Multi Purpose Cooperative to buy salon supplies and accessories. He deeply wishes for a good return from their photography and salon businesses.
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