| Number borrowers | 1,527 |
| Loan Amount (range) | USD 1,500 - 27,000 |
| Loan Term (range) | 12 - 30 |
| Other Services (text summary) | Credit Educ, Group Mtgs |
| Annual Interest & Method | 22.8%-28.8% annual, Decl Bal |
| Fees | None |
| Insurance | None |
| Tax | None |
| Comp Dep | N/A |
| Range of pricing | |
| Interest Price Component | 21.5% - 34.6% |
| Fee Component | 0 |
| Insurance Component | 0 |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 21.5% - 22.5% |
| Transparency Index (min/max) | 66 - 106 |
| Transparency Index (average) | 100 |
| 11,000 |
| PHP 3,000 - 60,000 |
| 6 - 12 |
| Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training |
| 36.0% annual, Flat |
| 3.00% upfront |
| 300.00 upfront 20.00 ongoing |
| 1.00% loan amt |
| 5.0% upfront 8.00-20.00 ongoing |
| N/A |
| 73.8% - 81.8% (Int+Fee) |
| 1.3% - 151.3% |
| 0 - 2.8% |
| 87.0% - 224.0% |
| 0 - 81 |
| 31 |
| Outstanding portfolio (USD) | USD 2,448,478 |
| Portfolio (USD) | USD 2,448,478 |
| Active Clients with Loans | 1,527 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | x |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | x |
| Consumer loan | x |
| Agriculture | |
| Education | x |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | x |
| Must own a home or land | x |
| Must be a salaried worker | x |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | 2 |
| # Regions for this product | 2 |
| Regions Active | Kandal, Phnom Penh |
| Outstanding portfolio (PHP) | PHP 19,276,410 |
| Portfolio (USD) | USD 461,158.13 |
| Active Clients with Loans | 11,000 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | |
| Solidarity group | |
| Village banking | x |
| Self help group | x |
| Other |
| Any purpose | x |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | x |
| Business training | x |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | |
| 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 1,500 |
| Maximum loan size | 27,000 |
| Loans less than USD 250 | 0 |
| USD 250-1,000 | 0 |
| USD 1,000-1,500 | 0 |
| USD 1,500-2,000 | 40% |
| USD 2,000-2,500 | 20% |
| Greater than USD 2,500 | 20% |
| Shortest loan term | 12.0 months |
| Longest loan term | 30.0 months |
| Approx average | dk |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 10% |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 90% |
| Grace period usage | 10% |
| Average grace period | 3.0 months |
| 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 |
| Currency | PHP |
| Minimum loan size | PHP 3,000 |
| Maximum loan size | 60,000 |
| Shortest loan term | 6.0 months |
| Longest loan term | 12.0 months |
| Approx average | 0 |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | x |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 1.90% |
| Highest quoted nominal interest | 2.40% |
| Reason(s) why interest rate varies | Branch, Loan Size, Client Risk |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | No |
| 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 |
| Lowest quoted nominal interest | 3.00% |
| Highest quoted nominal interest | 3.00% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | Yes |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Service Charge |
| % of loan amount - min | 3.00% |
| % of loan amount - max | 3.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | Loan Insurance - Registration |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 300 |
| Fixed amount - max | 300 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | Life Insurance |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 20 |
| Fixed amount - max | 20 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? | Yes |
| % loan amount deposited | 5.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | PHP 8 - PHP 20 |
| Conditions on access to deposit | Access During |
| Minimum interest rate paid | 3.00% |
| Maximum interest rate paid | 3.00% |
| Interest payment frequency | Annually |
| Are taxes charged on this product? | Yes |
| Percentage of fees | 0 |
| All or some fees taxed | N/A |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | USD 1,800 | USD 2,000 | USD 2,500 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-03-29 | 2013-02-20 | 2012-10-26 | ||
| Loan Term (Months) | 13.0 months | 24.0 months | 24.0 months | ||
| Grace Period (Months) | 0.5 months | -0.3 months | -0.1 months | ||
| Total Cost of Credit | USD 300.96 | USD 461.86 | USD 619.08 | ||
| True Price by Comp | |||||
| Interest price component | 22.5% | 21.5% | 22.3% | ||
| Fee Component | 0.0% | 0.0% | 0.0% | ||
| 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) | 22.5% | 21.5% | 22.3% | ||
| Transparency Index | 100 | 100 | 100 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | PHP 3,000 | PHP 8,000 | PHP 15,000 | PHP 25,000 | PHP 60,000 | ||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
| Disbursement Date | 2011-08-24 | 2011-09-13 | 2011-05-05 | 2011-09-12 | 2011-07-18 | ||||
| Loan Term (Months) | 5.8 months | 5.8 months | 11.7 months | 11.7 months | 11.7 months | ||||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | ||||
| Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
| True Price by Comp | |||||||||
| Interest and Fee Component | 81.8% | 81.8% | 73.8% | 73.8% | 73.8% | ||||
| Insurance Component | 110.5% | 40.3% | 16.3% | 9.8% | 4.1% | ||||
| Tax Component | 2.8% | 2.4% | 1.3% | 1.2% | 1.2% | ||||
| Deposit Component | 28.9% | 18.6% | 12.7% | 10.0% | 7.9% | ||||
| Full APR (int fee ins tax dep) | 224.0% | 143.2% | 104.1% | 94.9% | 87.0% | ||||
| Transparency Index | 16 | 25 | 35 | 38 | 41 | ||||
| Original Repayment Schedule | |||||||||
| MFT Pricing Calculation |
| 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 |
|---|---|---|---|---|---|---|---|
| X Axis | ||||||
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| Greater than: | ||||||
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| N (# of Samples) | ||||||
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| By Country | ||||||
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| Greater than: | ||||||
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| From 0 to | ||||||
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