In 2006, Petronila joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Petronila has successfully repaid a previous loan of 50,000 PHP from PMPC. Petronila is requesting a new loan of 11,000 PHP, which will be used on nipa plantation. This loan will be the ninth loan taken out by Petronila from PMPC.
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 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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