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 $4,823,850 $614,900,275
Amount of raised Inactive loans $0 $369,125
Number of raised Inactive loans 0 494
Amount of Paying Back Loans $1,136,575 $120,564,225
Number of Paying Back Loans 2,495 129,960
Amount of Ended Loans $3,687,275 $493,966,925
Number of Ended Loans 11,051 623,941
Delinquency Rate 0.00% 4.44%
Amount in Arrears $0 $3,442,327
Outstanding Portfolio $696,748 $77,462,472
Number of loanDelinquent 0 16,321
Default Rate 0.00% 1.09%
Amount of Ended Loans Defaulted $0 $5,399,198
Amount of Ended Loans $3,687,275 $493,966,925
Number of Ended Loans Defaulted 0 16,856
Currency Exchange Loss Rate 0.00% 0.10%
Amount of Currency Exchange Loss $32 $614,649
Refund Rate 0.27% 0.74%
Amount of Refunded Loans $12,875 $4,567,000
Number of Refunded Loans 47 5,104

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 92.10% 74.23%
Average Loan Size $322 $419
Average Individual Loan Size $344 $655
Average Group Loan Size $539 $1,834
Average number of borrowers per group 2.8 8
Average GDP per capita (PPP) in local country $1,175 $3,416
Average Loan Size / GDP per capita (PPP) 27.40% 12.26%
Average Time to Fund a Loan 4.81 days 5.74 days
Average Dollars Raised Per Day Per Loan $66.99 $72.93
  Average Loan Term 9.45 months 10.45 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 11,364 307,319
  Journaling Rate 99.72% 42.28%
  Average Number of Comments Per Journal 0.02 0.07
  Average Number of Recommendations Per Journal 0.98 1.80

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 33.12% PY
  Profitability (return on assets) 1.8% 4.8% -1.31%
  Average Loan Size (% of per capita income) 12.20% 8.00% 38.08%

Country Fast Facts

Field Partner Staff

Cheryl Abejar
Florinda Agan
Lysette Asombrado
Mayanita Awa
Fe Bañes
Neal Boladola
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

Kiva Fellow(s)

John Pabustan