Adeles H. runs a general store selling a variety of different products in her community. She is 44 years old, married and has two school-aged children. They are from the village of Mahayag, Zamboanga del Sur. Adeles has been in her business for over three years and earns approximately 4,000 Philippine pesos (PHP) a month.
In 2009, Adeles joined PMPC to gain access to financial services to help improve her living conditions and enable her to engage in business activities. She is an individual member of PMPC. Adeles is requesting a new loan of 30,000 PHP which will be used to purchase additional inventory and for working capital. This will be her third loan from PMPC. She plans to use the additional revenue generated from the business to financially support immediate members of her family.
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.