Paglaum Mutual Benefit Association, Incorporated (Paglaum MBA) was organized last 2009. Born out of the initiative of the officers and
management of Paglaum Mutli-Purpose Cooperative under the leadership of Mrs. Virginia S. Rosal, Chairperson and Mr. Gadwin E.
Handumon, General Manager, its main objective is to have a legal and legitimate identity that can cater the mutual services of Paglaum
MPC.
A careful and deliberate process went through in the set-up of Paglaum MBA. There was a consultation meeting with the identified and
reliable partner in mutual insurance services. With proper evaluation of PMPC's microfinance program, the challenge was the manner of
collection on the Mutual Benefit Association whether or not to integrate the collection practices with the existing microfinance program.
It came to final point when the PMPC's Board of Directors resolved and approved to eliminate the Php 5.00 weekly contributions of Members
Mortuary Fund (MMF) and implement the MBA weekly contribution amounting to Php 20.00 wherein breakdown into Php 5.00 for Retirement
Savings Fund and Php 15.00 for Life insurance.
Brief History of Paglaum MBA
