Norma E. is from the village of Miputak. She is 22 years old, married, and has one infant child.
Norma operates a family member's business in the retail sector, selling vegetables in the local community. She has been engaged in this business for over two years and earns approximately 2,000 PHP a month.
In 2009, Norma joined PMPC to gain access to financial services to help improve her business and living situation. She has successfully repaid a previous loan of 3,000 PHP from PMPC. This previous loan was used to purchase fresh vegetables to sell.
Norma is requesting a new loan of 5,000 PHP, which will be used to purchase fish and salt for a dried fish business. This will be the third loan taken out by Norma from PMPC. She plans to use the additional revenue generated from the business to improve the general living conditions 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.