Paglaum Multi-Purpose Cooperative (PMPC)
Approved to post Kiva loans from: Philippines
Kiva conducts regular, ongoing monitoring of all Lending Partners, but only posts status updates here in response to relevant, major changes at the partner.
Status Update - 14 May 2019
Kiva and Paglaum have agreed to end their partnership after nearly 11 years and more than $9m in loans raised. This partner has repaid its outstanding balance to Kiva in full, and these funds have been distributed to lenders. We thank Paglaum for the years of collaboration and wish them success in their future endeavors.
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.
Status Update - 14 May 2019
Kiva and Paglaum have agreed to end their partnership after nearly 11 years and more than $9m in loans raised. This partner has repaid its outstanding balance to Kiva in full, and these funds have been distributed to lenders. We thank Paglaum for the years of collaboration and wish them success in their future endeavors.
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
| This Lending Partner | All Kiva Partners | ||
| Start Date On Kiva | Nov 21, 2008 | Oct 12, 2005 | |
|---|---|---|---|
| Total Loans | $9,164,550 | $1,999,972,715 | |
| Amount of raised Inactive loans | $0 | $557,650 | |
| Number of raised Inactive loans | 0 | 203 | |
| Amount of Paying Back Loans | $0 | $153,956,230 | |
| Number of Paying Back Loans | 0 | 181,893 | |
| Amount of Ended Loans | $9,164,550 | $1,810,017,340 | |
| Number of Ended Loans | 25,655 | 2,432,231 | |
| Delinquency Rate | 0.00% | 11.50% | |
| Amount in Arrears | $0 | $10,715,938 | |
| Outstanding Portfolio | $0 | $93,157,824 | |
| Number of Loans Delinquent | 0 | 46,269 | |
| Default Rate | 0.00% | 1.84% | |
| Amount of Ended Loans Defaulted | $0 | $33,278,852 | |
| Number of Ended Loans Defaulted | 0 | 87,208 | |
| Currency Exchange Loss Rate | 0.02% | 0.48% | |
| Amount of Currency Exchange Loss | $2,184 | $12,335,694 | |
| Refund Rate | 0.17% | 0.54% | |
| Amount of Refunded Loans | $15,150 | $10,873,075 | |
| Number of Refunded Loans | 50 | 9,630 |
Loan Characteristics On Kiva
| This Lending Partner | All Kiva Partners | ||
| Loans to Women Borrowers | 89.27% | 78.34% | |
|---|---|---|---|
| Average Loan Size | $338 | $392 | |
| Average Individual Loan Size | $351 | $587 | |
| Average Group Loan Size | $540 | $1,903 | |
| Average number of borrowers per group | 2.8 | 8.3 | |
| Average GDP per capita (PPP) in local country | $7,000 | $5,595 | |
| Average Loan Size / GDP per capita (PPP) | 4.83% | 7.01% | |
| Average Time to Fund a Loan | 5.74 days | 9.02 days | |
| Average Dollars Raised Per Day Per Loan | $58.90 | $43.51 | |
| Average Loan Term | 9.55 months | 11.48 months |
Journaling Performance on Kiva
| This Lending Partner | All Kiva Partners | ||
| Total Journals | 20,119 | 1,199,432 | |
|---|---|---|---|
| Journaling Rate | 77.14% | 42.11% | |
| Average Number of Comments Per Journal | 0.01 | 0.02 | |
| Average Number of Recommendations Per Journal | 0.55 | 0.56 |
Borrowing Cost Comparison (based on 2016 data)
| This Lending Partner | Median for MFI's in Country | All Kiva Partners | ||
| Average Cost to Borrower | 28% PY | 46.00% PY | 26.87% PY | |
|---|---|---|---|---|
| Profitability (return on assets) | 0.9% | 4.8% | -2.44% | |
| Average Loan Size (% of per capita income) | N/A | 8.00% | 0.00% |
Country Fast Facts
- Country:
- Philippines
- Capital:
- Manila
- Official Language:
- Filipino (official) and English (official); eight major dialects - Tagalog, Cebuano, Ilocano, Hiligaynon or Ilonggo, Bicol, Waray, Pampango, and Pangasinan
- Population:
- 107,668,231
- Avg Annual Income:
- $7,000
- Labor Force:
- agriculture: 32%, industry: 15%, services: 53%
- Population Below Poverty Line:
- 25.20%
- Literacy Rate:
- 96.30%
- Infant Mortality Rate (per 1000):
- 17.64 deaths
- Life Expectancy:
- N/A years