2. First Finance
Please note that the information you are viewing is 143 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

First Finance PLC # A15-17, Stree 271,Khan Chamkarmorn, Phnom Penh
Data approved: 2013-03-28
Data version: 3
Age of data: 143 months
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Product

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Product Details

Key Statistics
Outstanding portfolio (USD)USD 5,819,783
Portfolio (USD)USD 5,819,783
Active Clients with Loans564
Approximate % Female Clients20% - 40%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
First Finance provides housing loan including three sub-categories: (1) Home Loan, (2) Home Improvement Loan, and (3) Home Equipment Loan.
Loan Purpose
Any purpose
Income generation
Mortgage/housingx
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other servicesx
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution4
# Regions for this product4
Regions ActiveBattambang, Kandal, Phnom PenhSiem Reap

Loan Conditions

Loan Amount
CurrencyUSD
Minimum loan sizeUSD 1,000
Maximum loan size37,500
Loan Term and Grace Period
Shortest loan term12.0 months
Longest loan term180.0 months
Approx average120.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months10%
Longer than 18 months90%
Grace Period
Grace period usage0
Average grace period3.0 months
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest1.50%
Highest quoted nominal interest2.00%
Reason(s) why interest rate variesLoan Size, Loan Purpose
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termNo
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min30
Fixed amount - max150
Reason for variationDepends on loan purpose. Home Improvement = $30 min-1.5% max. Home Loan = $150 min-1.5% max
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
Ins 1
DescriptionAnnual Fire & Personal Accident Fee
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min50
Fixed amount - max100
Reason for variationDepends on condition of house
Appears on Repayment Sched?Yes
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No
Additional Comments
For the clients who chose to pay the insurance fee through First Finance. The MFI pays at the beginning of the year and the clients repays the insurance fee in the monthly installments. For the clients who agreed to pay the insurance fee directly to the insurance company at beginning of the year, the repayment schedule shows no apparent insurance fee.

Full Pricing Data

Housing Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountUSD 1,000USD 1,997.21USD 2,500USD 4,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2012-08-122012-10-262012-11-102012-06-05
Loan Term (Months)35.0 months114.0 months115.0 months50.0 months
Grace Period (Months)-0.3 months-0.2 months0.0 months0.2 months
Total Cost of CreditUSD 498.85USD 3,547.31USD 3,844.22USD 2,033.38
True Price by Comp       
Interest price component23.9%23.8%23.8%17.9%
Fee Component2.3%0.5%0.4%2.1%
Insurance Component4.3%3.1%0.0%2.0%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)30.5%27.4%24.2%22.0%
Transparency Index59667582
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Housing Loan Price Graphs
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NBFIInstitution TypeHousingLoan PurposeFirst FinanceInstitutionKH-007-V03-P01ProductKHCountry2013YearRange Number3Institution Data Version01,0002,0003,0004,000Loan Size (all)0%10%20%30%Full APR (int fee ins tax dep)> 50020020Number of Borrowers
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  2. TSKI
Please note that the information you are viewing is 162 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Taytay Sa Kauswagan, Inc. A & L Building, E. Lopez SreetJaroIloilo City, Iloilo/Region VI5000
Data approved: 2011-11-15
Data version: 1
Age of data: 162 months

Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?No
Website addressN/A
Year established1986
Head of InstitutionAngelo B. Solarte - OIC
Regions active
# Branches99

Total Portfolio (nat'l)PhP 1,052,841,254
Total Portfolio (USD)USD 25,187,589.81
Active clients with loans212,959
Approximate % female clients80% - 100%
Approximate % urban clients20% - 40%
Network affiliationsOpportunity International Network, Alliance for Philippine Partners in Enterprise Development (APPEND), Microfinance Council of the Philippines, Inc. (MCPI), Visayas Association of Microfinance Institutions
FundersOIKOCredit, Symbiotics SA, People's Credit and Finance Corporation (PCFC), National Livelihood Development Corporation (NLDC)

Loan Products » Summary

OKEY
6,341 Borrowers
USD 4,053,449.86 Portfolio
Active Product
PKK
206,618 Borrowers
USD 21,134,139.95 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
OKEY PHP 10,000 - 50,000 3 - 6 60% - 80% 40% - 60% Business, Other Women, Men, Have business Credit Ins, Business Training, Other Training
PKK PHP 3,000 - 15,000 6 80% - 100% 20% - 40% Business, Other Women, Have business Group Mtgs, Credit Ins, Business Training

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
OKEY 30.0% annual, Flat 2 Fees 1 Ins 0.25% loan amt 10.00% ongoing 49.2% - 61.2% 63% - 79% 42
PKK 41.6% annual, Flat 1 Fee 1 Ins 0.25% loan amt 150.00 upfront 1,500.00 ongoing 71% - 87.1% 97% - 157.2% 36
Institution Price Graph
0100Pricing Transparency IndexRegulated Inst.Not Regulated Inst.NGOInstitution TypeMultipleLoan PurposeTSKIInstitutionPH-045-V01-P01PH-045-V01-P02ProductPHCountry2011YearRange Number1Institution Data Version05,00010,00015,00020,00025,00030,000Loan Size (all)0%50%100%150%Full APR (int fee ins tax dep)> 100,00077,00051,00025,0002,800Number of Borrowers** Note: not all bubble sizes in this graph represent number of borrowers, as some samples do not have this data available. These bubbles are shown as a uniform small size. The pop-up text on each bubble will indicate the product scale and the sample scale.
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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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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