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