Institution Type | Credit Union / Cooperative |
Is this institution regulated? | Yes |
Website address | http://www.paglaumcoop.org.ph/ |
Year established | 1992 |
Head of Institution | Gadwin E. Handumon |
Regions active | |
# Branches | 14 |
Total Portfolio (nat'l) | PhP 247,944,967 |
Total Portfolio (USD) | USD 5,931,697.78 |
Active clients with loans | 21,775 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 0% - 20% |
Network affiliations | MASS-SPECC, NATTCO, Association of Asean Confederation of Credit Unions (AACCU), Microfinance Council of the Philippines, Inc. (MCPI) |
Funders |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Barangay Official Livelihood Assistance | PHP 500 - 15,000 | 6 - 36 | 60% - 80% | 0% - 20% | Any Purpose | Women, Men, Barangay Officials | Credit Educ, Credit Ins | |||||||
Emergency Loan | PHP 500 - 2,000 | 3 - 6 | 60% - 80% | 0% - 20% | Other, Open to all regular and PDP members who are MIGS i, < 60 years | Women, Men | Group Mtgs | |||||||
Housing Loan Program | PHP 50,000 - 300,000 | 12 - 26 | 80% - 100% | 0% - 20% | Housing | Women, Men | Credit Educ, Credit Ins | |||||||
MEDAL 1 | PHP 5,000 - 5,000 | 3 - 6 | 60% - 80% | 0% - 20% | Business | Women, Men, Have business, Must be Coop member | Credit Educ, Group Mtgs, Credit Ins | |||||||
Motorcycle Loan | PHP 60,000 - 120,000 | 12 - 36 | 60% - 80% | 0% - 20% | Consumer | Women, Men, Must have MIGS status, Must be Coop member | Credit Educ, Credit Ins | |||||||
Pension Loan | PHP 10,000 - 100,000 | 6 - 24 | 40% - 60% | 0% - 20% | Any Purpose | Women, Men, Must be pension holder, Must be <80 years | Credit Educ, Credit Ins | |||||||
Project Loan (Micro-Regular Loan) | PHP 500 - 150,000 | 3 - 18 | 80% - 100% | 0% - 20% | Business | Women, Men, Must be Coop member | Credit Educ, Credit Ins | |||||||
Regular Loan | PHP 500 - 1,000,000 | 1 - 36 | 60% - 80% | 0% - 20% | Business, Housing, Consumer, Education, Other | Women, Men, Must be Coop member | Credit Educ, Credit Ins, Tech Asst Visits, Business Training |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Barangay Official Livelihood Assistance | 22.8% annual, Flat | 2 Fees | 2 Ins | None | 6.5% upfront 26.00 ongoing | 44.9% - 52.7% | 59.2% - 79.8% | 35 | ||||||||
Emergency Loan | 30.0% annual, Flat | 2 Fees | 2 Ins | None | 6.5% upfront | 76% - 81.7% | 174% - 194.8% | 16 | ||||||||
Housing Loan Program | 21.0% annual, Decl Bal | 2 Fees | 2 Ins | None | 6.5% upfront | 24.4% - 24.5% | 31.1% - 34.2% | 64 | ||||||||
MEDAL 1 | 30.0%-36.0% annual, Flat | 2 Fees | 2 Ins | None | 6.5% upfront 26.00 ongoing | 13.4% - 84.8% | 22.1% - 114.2% | 68 | ||||||||
Motorcycle Loan | 21.0% annual, Decl Bal | 2 Fees | 2 Ins | None | 6.5% upfront 26.00 ongoing | 24.5% | 31.6% - 33.4% | 65 | ||||||||
Pension Loan | 36.0% annual, Flat | 2 Fees | 2 Ins | None | 6.5% upfront 26.00 ongoing | 61.6% - 70.8% | 70.1% - 85.5% | 47 | ||||||||
Project Loan (Micro-Regular Loan) | 30.0% annual, Flat | 2 Fees | 2 Ins | None | 6.5% upfront 26.00 ongoing | 55.1% - 79.9% | 66.2% - 175.4% | 32 | ||||||||
Regular Loan | 36.0% annual, Flat | 2 Fees | 2 Ins | None | 6.5% upfront 26.00 ongoing | 69.9% - 88.7% | 83.2% - 122.6% | 37 |
Institution | # Borrowers | Portfolio (US$) | Products | Age of Data |
---|---|---|---|---|
KBL | 468,300 | 120,082,000 | 16 | 106 |
KF | 233,600 | 41,416,000 | 4 | 105 |
NRSP | 399,900 | 70,157,000 | 3 | 106 |
ASA | 230,400 | 29,637,000 | 3 | 106 |
TMFB | 221,200 | 85,449,000 | 7 | 106 |
FMFB | 163,544 | 38,481,323 | 9 | 124 |
TRDP | 100,000 | 13,817,000 | 3 | 106 |
PRSP | 75,656 | 9,907,176 | 3 | 124 |
BRAC^P | 57,300 | 11,869,000 | 3 | 106 |
SRSO | 51,100 | 7,775,000 | 3 | 106 |
SSF | 46,000 | 4,776,000 | 3 | 106 |
FINCA | 82,000 | 43,559,000 | 9 | 106 |
JWS | 36,000 | 6,545,000 | 2 | 106 |
RCDS | 35,552 | 4,856,122 | 4 | 124 |
DAMEN | 35,185 | 7,150,864 | 1 | 124 |
FFO | 22,400 | 3,335,000 | 3 | 106 |
OLP | 21,400 | 3,510,000 | 3 | 106 |
CSC | 17,600 | 3,147,000 | 1 | 106 |
AMRDO | 13,800 | 1,206,000 | 5 | 106 |
WMBL | 13,800 | 6,105,000 | 3 | 106 |
Mojaz | 13,400 | 2,415,000 | 2 | 106 |
SDF | 11,500 | 1,041,000 | 4 | 106 |
POMFB | 8,500 | 2,795,000 | 4 | 106 |
OPD | 7,500 | 918,000 | 2 | 106 |
AGAHE | 7,300 | 797,000 | 2 | 106 |
NRDP | 6,184 | 1,521,972 | 3 | 124 |
GBTI | 6,100 | 669,000 | 3 | 124 |
WASIL | 4,300 | 1,135,000 | 2 | 106 |
Micro Options | 4,000 | 768,000 | 5 | 106 |
VDO | 3,900 | 489,000 | 3 | 124 |
SVDP | 3,900 | 811,000 | 13 | 124 |
SRDO | 3,500 | 766,000 | 4 | 106 |
OSDI | 2,000 | 923,000 | 3 | 106 |
APMBL | 1,800 | 1,401,000 | 3 | 106 |
BEDF | 1,400 | 209,000 | 3 | 124 |
KCDO | 800 | 94,000 | 1 | 124 |
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