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 $4,509,750 $597,373,850
Amount of raised Inactive loans $300 $670,325
Number of raised Inactive loans 3 644
Amount of Paying Back Loans $1,061,875 $120,630,450
Number of Paying Back Loans 2,239 128,489
Amount of Ended Loans $3,447,575 $476,073,075
Number of Ended Loans 10,506 603,944
Delinquency Rate 0.00% 3.69%
Amount in Arrears $0 $2,916,726
Outstanding Portfolio $634,526 $79,118,114
Number of loanDelinquent 0 10,801
Default Rate 0.00% 1.12%
Amount of Ended Loans Defaulted $0 $5,345,655
Amount of Ended Loans $3,447,575 $476,073,075
Number of Ended Loans Defaulted 0 16,811
Currency Exchange Loss Rate 0.00% 0.09%
Amount of Currency Exchange Loss $28 $538,749
Refund Rate 0.29% 0.76%
Amount of Refunded Loans $12,875 $4,539,725
Number of Refunded Loans 47 5,066

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 92.34% 74.20%
Average Loan Size $318 $418
Average Individual Loan Size $341 $656
Average Group Loan Size $539 $1,829
Average number of borrowers per group 2.8 8
Average GDP per capita (PPP) in local country $1,175 $3,427
Average Loan Size / GDP per capita (PPP) 27.06% 12.21%
Average Time to Fund a Loan 4.55 days 5.65 days
Average Dollars Raised Per Day Per Loan $69.83 $74.06
  Average Loan Term 9.31 months 10.37 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 10,998 298,204
  Journaling Rate 99.85% 42.46%
  Average Number of Comments Per Journal 0.02 0.08
  Average Number of Recommendations Per Journal 1.01 1.86

Borrowing Cost Comparison (based on 2012 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 38% PY 46.00% PY 33.26% PY
  Profitability (return on assets) 1.8% 4.8% -1.45%
  Average Loan Size (% of per capita income) 12.20% 8.00% 40.88%

Country Fast Facts

Field Partner Staff

Cheryl Abejar
Florinda Agan
NELLIE ALBIA
JUVY ARAGAO
Lysette Asombrado
LOWEEMARI ATA
Mayanita Awa
Fe Bañes
Ruben Castardo Jr.
Paglaum Dipolog
Kenneth Dumaboc
Rodilyn Emeterio
Carl Jun Gula
PMPC LARENA
Paglaum Liloy
Lovelie Maghinay
Annabelle Namocatcat
Jemarie Panio
Gena Parcutilo
Paglaum Sindangan
Paglaum Tangub