Paglaum Multi-Purpose Cooperative (PMPC)
Philippines
Last updated December 21, 2012
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.
PMPC Head Office and Hotel.
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.
PMPC Head Office and Hotel.
Repayment Performance on Kiva
Repayment Performance on Kiva| This Field Partner | All Kiva Partners | ||
| Start Date On Kiva | Nov 21, 2008 | Oct 12, 2005 | |
|---|---|---|---|
| Total Loans | $3,146,750 | $422,858,225 | |
| Amount of Raised Inactive Loans | $0 | $258,525 | |
| Number Of Raised Inactive Loans | 0 | 227 | |
| Amount of Paying Back Loans | $559,450 | $91,306,800 | |
| Number Of Paying Back Loans | 1,166 | 99,215 | |
| Amount of Ended Loans | $2,587,300 | $331,292,900 | |
| Number Of Ended Loans | 8,264 | 434,304 | |
| Delinquency Rate | 0.00% | 2.22% | |
| Amount In Arrears | $0 | $1,280,358 | |
| Outstanding Portfolio | $287,885 | $57,625,985 | |
| Number of Loans Delinquent | 0 | 10,235 | |
| Default Rate | 0.00% | 0.97% | |
| Amount of Ended Loans Defaulted | $0 | $3,220,059 | |
| Amount of Ended Loans | $2,587,300 | $331,292,900 | |
| Number Of Ended Loans Defaulted | 0 | 9,823 | |
| Currency Exchange Loss Rate | 0.00% | 0.02% | |
| Amount of Currency Exchange Loss | $0 | $77,435 | |
| Refund Rate | 0.35% | 0.96% | |
| Amount of Refunded Loans | $11,025 | $4,068,925 | |
| Number Of Refunded Loans | 45 | 4,589 |
Loan Characteristics On Kiva
Loan Characteristics On Kiva| This Field Partner | All Kiva Partners | ||
| Loans To Women Entrepreneurs | 93.51% | 74.05% | |
|---|---|---|---|
| Average Loan Size | $291 | $406 | |
| Average Individual Loan Size | $316 | $645 | |
| Average Group Loan Size | $534 | $1,741 | |
| Average Number Of Entrepreneurs Per Group | 2.8 | 8 | |
| Average GDP Per Capita (PPP) in Local Country | $1,175 | $3,346 | |
| Average Loan Size / GDP Per Capita (PPP) | 24.74% | 12.14% | |
| Average Time To Fund A Loan | 3.65 days | 4.69 days | |
| Average Dollars Raised Per Day Per Loan | $79.73 | $86.56 | |
| Average Loan Term | 8.74 months | 9.6 months |
Journaling Performance on Kiva
Journaling Performance on Kiva| This Field Partner | All Kiva Partners | ||
| Total Journals | 4,583 | 202,685 | |
|---|---|---|---|
| Journaling Rate | 52.67% | 39.94% | |
| Average Number Of Comments Per Journal | 0.06 | 0.11 | |
| Average Number Of Recommendations Per Journal | 2.43 | 2.73 |
Borrowing Cost Comparison (based on 2011 data)
Borrowing Cost Comparison (based on 2011 data)| This Field Partner | Median for MFI Peers in Country | All Kiva Partners | ||
| Portfolio Yield | 38.10% | 45.60% | 35.14% | |
|---|---|---|---|---|
| Profitability (Return on Assets) | 0.4% | 2.3% | -0.41% | |
| Average Loan Size (% of Per Capita Income) | 12.20% | 11.90% | 46.81% |
Country Fast Facts
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
Field Partner Staff
Cheryl AbejarFlorinda Agan
Lysette Asombrado
Angelito Baje
Pagadian Branch
Ruben Castardo Jr.
Paglaum Dipolog
Kenneth Dumaboc
Rodilyn Emeterio
Irnenrius Eumague
Jared Gran
Carl Jun Gula
Erolyn Lapadan
PMPC LARENA
Paglaum Liloy
Fe Loquente
Annabelle Namocatcat
Paglaum- OROQUIETA
Gena Parcutilo
Gena Parcutilo
Hilde Sybico
Paglaum Tangub
Aimae Valesco