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 $7,478,250 $841,356,450
Amount of raised Inactive loans $2,475 $490,175
Number of raised Inactive loans 13 228
Amount of Paying Back Loans $1,172,275 $135,094,750
Number of Paying Back Loans 2,704 162,871
Amount of Ended Loans $6,303,500 $705,771,525
Number of Ended Loans 17,971 873,819
Delinquency Rate 0.00% 8.53%
Amount in Arrears $0 $7,451,933
Outstanding Portfolio $579,092 $87,370,282
Number of Loans Delinquent 0 23,650
Default Rate 0.00% 1.29%
Amount of Ended Loans Defaulted $0 $9,109,339
Amount of Ended Loans $6,303,500 $705,771,525
Number of Ended Loans Defaulted 0 23,798
Currency Exchange Loss Rate 0.00% 0.42%
Amount of Currency Exchange Loss $67 $3,556,056
Refund Rate 0.20% 0.64%
Amount of Refunded Loans $15,150 $5,410,350
Number of Refunded Loans 50 5,724

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 90.11% 74.78%
Average Loan Size $338 $408
Average Individual Loan Size $354 $643
Average Group Loan Size $539 $1,816
Average number of borrowers per group 2.8 7.9
Average GDP per capita (PPP) in local country $7,000 $5,941
Average Loan Size / GDP per capita (PPP) 4.83% 6.88%
Average Time to Fund a Loan 6.12 days 6.86 days
Average Dollars Raised Per Day Per Loan $55.22 $59.54
  Average Loan Term 9.6 months 11.01 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 15,752 417,444
  Journaling Rate 84.42% 40.64%
  Average Number of Comments Per Journal 0.02 0.06
  Average Number of Recommendations Per Journal 0.71 1.34

Borrowing Cost Comparison (based on 2013 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 48% PY 46.00% PY 27.71% PY
  Profitability (return on assets) 1.3% 4.8% -0.31%
  Average Loan Size (% of per capita income) 12.20% 8.00% 19.52%

Country Fast Facts

Field Partner Staff

Florinda Agan
Lysette Asombrado
Mayanita Awa
Roxan Bagaan
Daisyl Bajelot
jessarine castillon
Paglaum Dipolog
Kenneth Dumaboc
Rodilyn Emeterio
ria carla fe fallorin
Paglaum Liloy
Grace Magcanta
Kher Mission
Annabelle Namocatcat
Gena Parcutilo
Paglaum Sindangan
Paglaum Tangub
Jemarie Villones