Catherine is 39 years old, single, and presently lives in South Poblacion, Siquijor, Siquijor. She has owned and operated a sari-sari (general store) for 20 years. She earns 7,000 pesos a month, to contribute to her family's costs of living.
Now, Catherine has requested a loan amounting to PHP 35,000. She will use the loan to purchase more products to resell at her general store. She has been a PMPC member for two years, and she has shown good credit performance.
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.