Paglaum Multi-Purpose Cooperative in the Philippines

PAGLAUM MPC was organized by a group of 35 hopeful parents and workers of Paglaum Community Development Foundation, Inc. (PCDFI). With the initial capital of Php 2,000.00 pooled resources, the cooperative was established as an economic arm of the foundation and started to buy and sell Palay. The coop was registered with the Cooperative Development […]

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Paglaum Multi-Purpose Cooperative https://upfinance.com/app/uploads/2020/04/logo_paglaum.jpg
Eastern Looc, Plaridel, Misamis Occidental 7209
Tel. No. : (088) 521-5270 | Cel.No.: 09284136385 +63 88 545 1032 +63 88344 8444,
Interest rate 1.15% - 2.5%
Loan tenure from 1 to 36 months
Approval duration Up to 240 hours
Min. monthly income1

PAGLAUM MPC was organized by a group of 35 hopeful parents and workers of Paglaum Community Development Foundation, Inc. (PCDFI). With the initial capital of Php 2,000.00 pooled resources, the cooperative was established as an economic arm of the foundation and started to buy and sell Palay. The coop was registered with the Cooperative Development Authority on July 30, 1992 with Mr. Gadwin E. Handumon as its founding leader.

Student loan

Interest rates: 1,15% per month
Minimum loan amount: 5 000 PHP
Maximum loan amount: 100 000 PHP
Payment terms: Up to 3 years
Approval time: 5 – 10 days
The member must have been a member for at least 1 year, paid off 2 to 3 loans and be active in the cooperative.

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Regular loan

Interest rates: 2% per month
Loan amount: Capacity Based
Payment terms: 3 – 24 months
Approval time: 1-5 days

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Medal Pangnegosyo loan

Interest rates: 2% per month
Minimum loan amount: 1 000 PHP
Maximum loan amount: 5 000 PHP
Payment terms: Up to 6 months
Service Fee: 3% of loan amount

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Market Vendors Assistance loan

Interest rates: 2,5% per month
Minimum loan amount: 1 000 PHP
Maximum loan amount: 10 000 PHP
Payment terms: Up to 6 months
Co-maker is required at least 1 and MIGS

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Barangay Official Livelihood Assistance

Open to all elected brgy officials for their business, livelihood and providential purpose
Must undergo PMES to qualify as member
Interest rates: 1,9% per month
Payment terms: 10 – 18 months
Security/Collateral: Honorarium thru MOA with the brgy council and co-maker

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Small Medium Enterprise loan

Interest rates: 2,5% per month
Minimum loan amount: 200 000 PHP
Maximum loan amount: 10 000 000 PHP
Payment terms: Up to 36 months
SME has been operating for at least three years, and is profitable for at least two years.

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Motor-Vehicle loan

Interest rates:  1.75% per month
Maximum loan amount: 500 000 PHP
Payment terms: Up to 36 months
Borrower requirements:
– At least a member of coop for at least 3 years
– Must have a CBU of at least P 60,000 & savings deposit of 5% of loan but not less than P 5,000
– Must have an alternative source of income

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Appliance loan

Interest rates:  1.75% per month
Maximum loan amount: 20 000 PHP
Payment terms: Up to 6 months
Borrower requirements:
– At least a member of coop for at least 1 year
– Must have a CBU of at least P 3,000 & savings deposit of 5% but not less than P 500
– Must have an alternative source of income

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Loan Calculator

%
Monthly payment
₱ 888.49
Total overpayment
₱ 661.85
Total
₱ 10661.85

FAQ

Cooperative members.

Yes, we have loans that need to be secured with collateral. This Is A Motor-Vehicle Loan, Motorcycle Loan, Appliance Loan.

Yes, there are requirements for Student loan borrowers:
– Primary applicant must be the student 18 yrs. old and above
– Students ages below 18 yrs. old, the parent or guardian is the primary applicant
– Primary applicant must be a member of PMPC
– Both parent and co-maker must pass the cash flow analysis
– At least passing grade is required
– Can be offered to students from1st year in college, taking post graduate courses, and even vocational courses
– Intended for education related expenses such as tuition fee, books, uniforms, educational trips, graduation costs & other misc. fees, licensure review & board exam

Contacts

Full company name Paglaum Multi-Purpose Cooperative
Address Eastern Looc, Plaridel, Misamis Occidental 7209
Phone number Tel. No. : (088) 521-5270 | Cel.No.: 09284136385 +63 88 545 1032 +63 88344 8444
E-mail
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2 months ago

Miss

I need buseness loan

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