Institution Type | Non Bank Financial Institution |
Is this institution regulated? | Yes |
Website address | http://www.maxima.com.kh/ |
Year established | 2000 |
Head of Institution | UONG Kimseng |
Regions active | Kandal, Phnom Penh |
# Branches | 7 |
Total Portfolio (nat'l) | KHR 13,000,000,000 |
Total Portfolio (USD) | USD 3,291,139.24 |
Active clients with loans | 2,939 |
Approximate % female clients | 40% - 60% |
Approximate % urban clients | 20% - 40% |
Network affiliations | Mix Market, Cambodia Microfinance Association, Credit Bureau of Cambodia |
Funders |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Individual Loans | USD 50 - 1,450 | 12 - 24 | 60% - 80% | 0% - 20% | Business, Housing, Consumer, Education | Women, Men, Have business, Have home or land, Salaried worker | Credit Educ, Group Mtgs | |||||||
SMEs Loans | USD 1,500 - 27,000 | 12 - 30 | 60% - 80% | 0% - 20% | Business, Housing, Consumer, Education | Women, Men, Have business, Have home or land, Salaried worker | Credit Educ, Group Mtgs |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Individual Loans | 22.8%-33.6% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 28.3% - 34.6% | 28.3% - 34.6% | 70 | ||||||||
SMEs Loans | 22.8%-28.8% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 21.5% - 22.5% | 21.5% - 22.5% | 100 |
Outstanding portfolio (PHP) | PHP 13,000,000 |
Portfolio (USD) | USD 311,004.78 |
Active Clients with Loans | 967 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | x |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | x |
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 | x |
Must own a home or land | x |
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 | PHP |
Minimum loan size | PHP 20,000 |
Maximum loan size | 60,000 |
Shortest loan term | 6.0 months |
Longest loan term | 12.0 months |
Approx average | 9.0 months |
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 | x |
Irregular payments |
Lowest quoted nominal interest | 20.00% |
Highest quoted nominal interest | 20.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Service Charge | Notarial Fee | |
% of loan amount - min | 2.00% | 1.00% | |
% of loan amount - max | 2.00% | 1.00% | |
OR, Fixed amount - min | 0 | 0 | |
Fixed amount - max | 0 | 0 | |
Reason for variation | N/A | ||
Appears on Repayment Sched? | No | No |
Ins 1 | Ins 2 | ||
---|---|---|---|
Description | MILAMDEC Tibod Mutual Benefits | Crop Insurance | |
% of loan amount - min | 0 | 6.00% | |
% of loan amount - max | 0 | 6.00% | |
OR, Fixed amount - min | 150 | 0 | |
Fixed amount - max | 150 | 0 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | No | 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 | 30.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 30.00% |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | When Leaving |
Minimum interest rate paid | 4.00% |
Maximum interest rate paid | 4.00% |
Interest payment frequency | Annually |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | PHP 30,000 | PHP 40,000 | PHP 50,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2011-08-25 | 2011-08-29 | 2011-08-25 | ||
Loan Term (Months) | 5.0 months | 5.0 months | 5.0 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 | 56.6% | 56.6% | 56.6% | ||
Insurance Component | 21.2% | 19.9% | 19.8% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 36.2% | 35.3% | 35.3% | ||
Full APR (int fee ins tax dep) | 113.9% | 111.8% | 111.6% | ||
Transparency Index | 18 | 18 | 18 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
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Loan Portfolio (USD) | |
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% Products with one or more insurances | |
% Products with compulsory deposits |
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