Nora L. is from the city of Mobod, Oroquieta City. She is 62-years old. Nora is married and has four adult-aged children. To make a living, Nora owns and operates copra-buying business in the agriculture sector where crops are raised. Copra comes from coconuts, and planting and harvesting coconut trees is basic to this business. Nora has been engaged in her business for over 49 years.
In 2001, Nora joined PMPC to gain access to financial services to help improve her living situation and her ability to engage in business activities. Nora is requesting a loan to pay for services to increase her crop yield. This loan will be the 14th loan taken out by Nora from PMPC. She plans to use the additional revenue generated from the business to improve the general living conditions of the her family.
Paglaum Multi-Purpose Cooperative (PMPC is one of the most progressive cooperatives in northwestern Mindanao. It reaches out to the rural poor using the Grameen model.
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.