Paglaum Multi-Purpose Cooperative (PMPC)

Philippines

Paglaum Multi-Purpose was organized last February 21, 1992 by indigent beneficiaries, parents and staff of Paglaum Community Development Foundation to address the economic and livelihood activities for sustainability. In July 31, 1992 it was registered as multi-purpose/community-based cooperative under Cooperative Development Authority with CDA Reg. No. CGY-976. As of September 30, 2008 Paglaum MPC has reached its total assets of Php 155 Million with a total members of 24,121 of which 16,729 are member-clients of microfinance-group methodology, operating in the Northwestern part of Mindanao, Philippines namely, Province of Misamis Occidental, Zamboanga del Norte, Zamboanga del Sur and Lanao del Norte.

Join our lending team: "Paglaum Coop - Philippines"

Repayment Performance on Kiva

	This Field Partner	All Kiva Partners
Start Date On Kiva	Nov 21, 2008	Oct 12, 2005
Total Loans	$2,397,350	$280,866,475
Amount of Raised Inactive Loans	$0	$8,475
Number Of Raised Inactive Loans	0	16
Amount of Paying Back Loans	$721,475	$76,717,975
Number Of Paying Back Loans	1,634	92,492
Amount of Ended Loans	$1,675,875	$204,140,025
Number Of Ended Loans	5,788	280,128
Delinquency Rate	0.00%	2.44%
Amount In Arrears	$0	$1,253,784
Outstanding Portfolio	$425,920	$51,303,862
Number of Loans Delinquent	0	11,530
Default Rate	0.00%	1.12%
Amount of Ended Loans Defaulted	$0	$2,280,201
Amount of Ended Loans	$1,675,875	$204,140,025
Number Of Ended Loans Defaulted	0	6,779
Currency Exchange Loss Rate	0.00%	0.00%
Amount of Currency Exchange Loss	$0	$12,824
Refund Rate	0.46%	1.25%
Amount of Refunded Loans	$11,025	$3,520,925
Number Of Refunded Loans	45	4,156

Loan Characteristics On Kiva

	This Field Partner	All Kiva Partners
Loans To Women Entrepreneurs	94.25%	74.89%
Average Loan Size	$279	$389
Average Individual Loan Size	$304	$618
Average Group Loan Size	$528	$1,631
Average Number Of Entrepreneurs Per Group	2.9	8
Average GDP Per Capita (PPP) in Local Country	$1,175	$3,403
Average Loan Size / GDP Per Capita (PPP)	23.75%	11.42%
Average Time To Fund A Loan	3.17 days	3.96 days
Average Dollars Raised Per Day Per Loan	$88.10	$98.13
Average Loan Term	8.62 months	9.26 months

Journaling Performance on Kiva

	This Field Partner	All Kiva Partners
Total Journals	4,563	131,523
Journaling Rate	72.10%	39.37%
Average Number Of Comments Per Journal	0.05	0.16
Average Number Of Recommendations Per Journal	2.44	4.21

Borrowing Cost Comparison (based on 2009 data)

	This Field Partner	Median for MFI Peers in Country	All Kiva Partners
Average Interest Rate and Fees Borrowers Pay (Portfolio Yield)	44.60%	44.60%	36.11%
Average Partner Return On Assets (Average Profitability)	4%	2.2%	-1.45%
Average Loan Size (% of Per Capita Income)	10.28%	13.40%	43.69%

Country Fast Facts

Country:: Philippines
Capital:: Manila
Official Language:: Filipino and English
Population:: 90,460,000
Avg Annual Income:: $1175
Labor Force:: Laborers and Unskilled workers - 31.6% Agricultural Workers - 18.1%
Population Below Poverty Line:: 28,000,000
Literacy Rate:: 92%
Infant Mortality Rate (per 1000):: 30 deaths
Life Expectancy:: 68 years