Feliciana N., 56, is from the city of Estaka, Dipolog City. She is married and has four adult-aged children. To make a living, Feliciana owns and operates a store that sells daily use products such as shampoo, soap & toothpaste in the local community. She has been in business for over four years and earns approximately 6,000 PHP a month.
In 2006, Feliciana joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Feliciana has successfully repaid a previous loan of 18,000 PHP from PMPC to expand her business. Feliciana is requesting a new loan of 10,000 PHP to purchase additional inventory and for working capital. This loan will be her 8th from PMPC. She plans to use the additional revenue generated from the business to improve her family's living conditions.
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.