Laxmi F. is from the village of Olingan, Dipolog City. She is 59 years old and married. She has six adult children.
Laxmi owns and operates a business providing motorcycle transportation services to the local community. She has been engaged in her business for over a year and earns approximately 3,000 PHP a month. In the photo, Laxmi is shown with her husband, who operates the motorcycle.
In 2006, Laxmi joined PMPC to gain access to financial services to help improve her living situation and her ability to engage in business activities. She has successfully repaid a previous loan of 6,000 PHP from PMPC. This previous loan was used to purchase additional stocks and products for her store.
Laxmi is requesting a new loan of 7,000 PHP, which will be used to purchase accessories for motorcycle repair and painting. This will be her 12th 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.