Kiva conducts regular, ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner.

Partner Description:

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.

Today, PMPC offers microfinance services throughout the communities it serves, with special attention paid to borrowers with disabilities and other vulnerable groups. It also offers entrepreneurial training to help members get their businesses off the ground.

Becuase it works in many remote communities, PMPC provides access to solar energy so that adults can extend their productivity hours and children can study longer in the evening.

Kiva lenders’ funds are used to help PMPC members start and grow businesses, and also gives the cooperative room to expand its other services, including training, insurance, savings accounts and more.

As of October 2012, the organization had 49,000 members, including 29,000 microfinance group members.

User-added image

PMPC Head Office and Hotel.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Nov 21, 2008 Oct 12, 2005
Total Loans $6,341,575 $721,304,450
Amount of raised Inactive loans $0 $421,300
Number of raised Inactive loans 0 324
Amount of Paying Back Loans $1,639,925 $133,692,925
Number of Paying Back Loans 3,702 153,625
Amount of Ended Loans $4,701,650 $587,190,225
Number of Ended Loans 13,677 728,054
Delinquency Rate 0.00% 7.19%
Amount in Arrears $0 $6,241,652
Outstanding Portfolio $926,585 $86,810,042
Number of Loans Delinquent 0 20,668
Default Rate 0.00% 1.17%
Amount of Ended Loans Defaulted $0 $6,841,628
Amount of Ended Loans $4,701,650 $587,190,225
Number of Ended Loans Defaulted 0 19,784
Currency Exchange Loss Rate 0.00% 0.27%
Amount of Currency Exchange Loss $37 $1,945,073
Refund Rate 0.20% 0.68%
Amount of Refunded Loans $12,875 $4,898,125
Number of Refunded Loans 47 5,415

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 90.79% 74.40%
Average Loan Size $337 $416
Average Individual Loan Size $356 $653
Average Group Loan Size $539 $1,848
Average number of borrowers per group 2.8 8
Average GDP per capita (PPP) in local country $7,000 $5,938
Average Loan Size / GDP per capita (PPP) 4.81% 7.01%
Average Time to Fund a Loan 5.86 days 6.38 days
Average Dollars Raised Per Day Per Loan $57.50 $65.25
  Average Loan Term 9.57 months 10.77 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 14,396 354,238
  Journaling Rate 99.96% 41.33%
  Average Number of Comments Per Journal 0.02 0.06
  Average Number of Recommendations Per Journal 0.77 1.56

Borrowing Cost Comparison (based on 2013 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 48% PY 46.00% PY 31.97% PY
  Profitability (return on assets) 2% 4.8% -1.93%
  Average Loan Size (% of per capita income) 12.20% 8.00% 19.57%

Country Fast Facts

Field Partner Staff

Florinda Agan
Lysette Asombrado
Mayanita Awa
Fe Bañes
Ruben Castardo Jr.
Paglaum Dipolog
Kenneth Dumaboc
Rodilyn Emeterio
Carl Jun Gula
Paglaum Liloy
Lovelie Maghinay
Annabelle Namocatcat
Jemarie Panio
Gena Parcutilo
Paglaum Sindangan
Paglaum Tangub