| Outstanding portfolio (USD) | USD 16,854,649 |
| Portfolio (USD) | USD 16,854,649 |
| Active Clients with Loans | 26,191 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | |
| Credit insurance | |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services | x |
| Men | x |
| Women | x |
| Must run a business | x |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Currency | USD |
| Minimum loan size | USD 300 |
| Maximum loan size | 1,500 |
| Shortest loan term | 6.0 months |
| Longest loan term | 18.0 months |
| Approx average | 12.0 months |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 2.40% |
| Highest quoted nominal interest | 2.70% |
| Reason(s) why interest rate varies | Branch, Time as Client, Loan Size, Client Risk, Collateral, Loan Purpose |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | Yes |
| Is rate fixed for entire loan term | Yes |
| Required for | Never |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | N/A |
| Do borrowers control deposit in their group? | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| % loan amount deposited | N/A |
| or, Fixed-amount deposited | N/A |
| Conditions on access to deposit | N/A |
| Minimum interest rate paid | N/A |
| Maximum interest rate paid | N/A |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | USD 300 | USD 600 | USD 1,200 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2010-10-01 | 2010-10-14 | 2010-10-25 | ||
| Loan Term (Months) | 12.0 months | 12.0 months | 18.0 months | ||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | Not Known | Not Known | Not Known | ||
| True Price by Comp | |||||
| Interest and Fee Component | 31.8% | 33.0% | 30.5% | ||
| Insurance Component | 0.0% | 0.0% | 0.0% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 31.8% | 33.0% | 30.5% | ||
| Transparency Index | 90 | 87 | 94 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Institution Type | Credit Union / Cooperative |
| Is this institution regulated? | Yes |
| Website address | N/A |
| Year established | 1991 |
| Head of Institution | Sabiniano Canama |
| Regions active | |
| # Branches | 32 |
| Total Portfolio (nat'l) | PhP 409,216,565 |
| Total Portfolio (USD) | USD 9,789,869.98 |
| Active clients with loans | 38,257 |
| Approximate % female clients | 60% - 80% |
| Approximate % urban clients | 20% - 40% |
| Network affiliations | NATCCO, MASS-SPECC, MOFECO, LZMCN |
| Funders |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Micro Grameen | PHP 3,000 - 15,000 | 3 - 6 | 80% - 100% | 20% - 40% | Business | Women, Men, Have business, Have home or land | Credit Educ, Group Mtgs, Tech Asst Visits, Business Training, Other Training | |||||||
| Micro Non-Grameen | PHP 3,000 - 150,000 | 1 - 6 | 60% - 80% | 40% - 60% | Any Purpose | Women, Men, Have business, Have home or land | Tech Asst Visits, Business Training | |||||||
| Regular Loan | PHP 3,000 - 300,000 | 1 - 36 | 60% - 80% | 40% - 60% | Any Purpose | Women, Men, Have business | Credit Educ, Other Training |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Micro Grameen | 36.0% annual, Flat | 1 Fee | 2 Ins | None | 3.0% upfront 100.00 upfront 10.00 ongoing | 90.8% - 138.9% | 112.2% - 202.2% | 27 | ||||||||
| Micro Non-Grameen | 48.0% annual, Flat | 1 Fee | 1 Ins | None | 1.0% upfront 500.00 upfront | 59.3% | 65.7% - 80% | 70 | ||||||||
| Regular Loan | 36.0% annual, Flat | 1 Fee | 1 Ins | None | 2.0% upfront 500.00 upfront | 32% - 63.1% | 34.3% - 74.5% | 63 |
| Key Statistics | |
|---|---|
| # Samples: | |
| # Products | |
| # Institutions | |
| # Countries | |
| # Borrowers | |
| Loan Portfolio (USD) | |
| % Products using declining balance | |
| % Products with one or more fee | |
| % Products with one or more insurances | |
| % Products with compulsory deposits |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
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