Kiva conducts regular, ongoing monitoring of all Field 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.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Nov 21, 2008 Oct 12, 2005
Total Loans $9,164,550 $1,341,238,825
Amount of raised Inactive loans $0 $1,089,525
Number of raised Inactive loans 0 1,363
Amount of Paying Back Loans $0 $147,099,100
Number of Paying Back Loans 0 194,261
Amount of Ended Loans $9,164,550 $1,193,050,200
Number of Ended Loans 25,655 1,537,303
Delinquency Rate 0.00% 11.01%
Amount in Arrears $0 $10,136,170
Outstanding Portfolio $0 $92,082,131
Number of Loans Delinquent 0 58,358
Default Rate 0.00% 1.74%
Amount of Ended Loans Defaulted $0 $20,745,122
Number of Ended Loans Defaulted 0 50,803
Currency Exchange Loss Rate 0.02% 0.39%
Amount of Currency Exchange Loss $2,184 $5,195,382
Refund Rate 0.17% 0.59%
Amount of Refunded Loans $15,150 $7,901,425
Number of Refunded Loans 50 7,805

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 89.27% 76.42%
Average Loan Size $338 $394
Average Individual Loan Size $351 $609
Average Group Loan Size $540 $1,762
Average number of borrowers per group 2.8 7.7
Average GDP per capita (PPP) in local country $7,000 $5,773
Average Loan Size / GDP per capita (PPP) 4.83% 6.82%
Average Time to Fund a Loan 5.74 days 7.13 days
Average Dollars Raised Per Day Per Loan $58.90 $55.26
  Average Loan Term 9.55 months 11.35 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 20,119 796,191
  Journaling Rate 77.23% 43.16%
  Average Number of Comments Per Journal 0.01 0.03
  Average Number of Recommendations Per Journal 0.55 0.80

Borrowing Cost Comparison (based on 2016 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 28% PY 46.00% PY 25.13% PY
  Profitability (return on assets) 0.9% 4.8% -1.40%
  Average Loan Size (% of per capita income) 12.20% 8.00% 12.92%

Country Fast Facts

Field Partner Staff