| Number borrowers | 1,048 |
| Loan Amount (range) | USD 100 - 10,000 |
| Loan Term (range) | 1 - 24 |
| Other Services (text summary) | |
| Annual Interest & Method | 27.0%-36.0% annual, Decl Bal |
| Fees | None |
| Insurance | None |
| Tax | None |
| Comp Dep | 3.0% upfront |
| Range of pricing | |
| Interest Price Component | 27.1% - 36.0% |
| Fee Component | 0 |
| Insurance Component | 0 |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 28.6% - 35.2% |
| Transparency Index (min/max) | 81 - 105 |
| Transparency Index (average) | 95 |
| 137 |
| PHP 5,000 - 150,000 |
| 2 - 6 |
| Credit Ins |
| 21.0% annual, Flat |
| 2.50% upfront 100.00 upfront |
| 22.50-675.00 ongoing |
| 0.50% loan amt |
| 100.00 upfront 10.00% ongoing |
| N/A |
| 58.8% - 73.1% (Int+Fee) |
| 3.6% - 3.9% |
| 0 - 1.1% |
| 55.4% - 80.2% |
| 26 - 38 |
| 31 |
| Outstanding portfolio (USD) | USD 1,007,057 |
| Portfolio (USD) | USD 1,007,057 |
| Active Clients with Loans | 1,048 |
| Approximate % Female Clients | 40% - 60% |
| Approximate % Urban Clients | 20% - 40% |
| 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 | x |
| Must be a salaried worker | |
| Must be specific age group | x |
| Other | |
| Other (2) |
| # Regions for this institution | 7 |
| # Regions for this product | 6 |
| Regions Active | Battambang, Kampong Cham, Kandal, Phnom Penh, PursatSiem Reap |
| Outstanding portfolio (PHP) | PHP 7,264,101 |
| Portfolio (USD) | USD 173,782.32 |
| Active Clients with Loans | 137 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 80% - 100% |
| 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 | x |
| 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 | |
| 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 100 |
| Maximum loan size | 10,000 |
| Loans less than USD 250 | 0 |
| USD 250-1,000 | 15% |
| USD 1,000-1,500 | 20% |
| USD 1,500-2,000 | 30% |
| USD 2,000-2,500 | 15% |
| Greater than USD 2,500 | 15% |
| Shortest loan term | 1.0 month |
| Longest loan term | 24.0 months |
| Approx average | 15.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 30% |
| Between 13 and 18 months | 70% |
| Longer than 18 months | 0 |
| 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 |
| Currency | PHP |
| Minimum loan size | PHP 5,000 |
| Maximum loan size | 150,000 |
| Shortest loan term | 2.0 months |
| Longest loan term | 6.0 months |
| Approx average | 3.0 months |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | x |
| Every 2 weeks | x |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 2.25% |
| Highest quoted nominal interest | 3.00% |
| Reason(s) why interest rate varies | Loan Size |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | No |
| Do borrowers control deposit in their group? | No |
| % loan amount deposited | 3.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | Final Pmt |
| Minimum interest rate paid | 3.00% |
| Maximum interest rate paid | 3.00% |
| Interest payment frequency | Monthly |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 1.75% |
| Highest quoted nominal interest | 1.75% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | Fee 2 | ||
|---|---|---|---|
| Description | Service Fee | Notarial Fee | |
| % of loan amount - min | 2.50% | 0 | |
| % of loan amount - max | 2.50% | 0 | |
| OR, Fixed amount - min | 0 | 100 | |
| Fixed amount - max | 0 | 100 | |
| Reason for variation | N/A | ||
| Appears on Repayment Sched? | No | No |
| Ins 1 | |
|---|---|
| Description | Micro-Insurance (Credit, AD & D, Health) |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 22.50 |
| Fixed amount - max | 675 |
| 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? |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | PHP 100 |
| % loan amount deposited | 10.00% |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | Access During |
| Minimum interest rate paid | 2.00% |
| Maximum interest rate paid | 2.00% |
| Interest payment frequency | Monthly |
| Are taxes charged on this product? | Yes |
| Percentage of fees | 0 |
| All or some fees taxed | N/A |
| Sample 2 | Sample 3 | Sample 4 | Sample 5 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | USD 300 | USD 600 | USD 1,200 | USD 1,800 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
| Disbursement Date | 2012-10-26 | 2012-08-13 | 2012-09-11 | 2012-10-26 | |||
| Loan Term (Months) | 13.0 months | 10.0 months | 12.0 months | 25.0 months | |||
| Grace Period (Months) | 0.3 months | -0.1 months | 0.2 months | 0.5 months | |||
| Total Cost of Credit | USD 52 | USD 91 | USD 201 | USD 532 | |||
| True Price by Comp | |||||||
| Interest price component | 30.0% | 33.4% | 30.0% | 27.1% | |||
| Fee Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 1.7% | 1.8% | 1.7% | 1.5% | |||
| Full APR (int fee ins tax dep) | 31.7% | 35.2% | 31.7% | 28.6% | |||
| Transparency Index | 95 | 85 | 95 | 100 | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | PHP 8,000 | PHP 15,000 | PHP 30,000 | PHP 60,000 | PHP 85,000 | PHP 130,000 | |||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | 2 | 1 | |||||
| Disbursement Date | 2011-03-04 | 2011-01-26 | 2011-04-07 | 2011-03-03 | 2011-04-15 | 2011-04-28 | |||||
| Loan Term (Months) | 2.8 months | 4.0 months | 2.8 months | 2.8 months | 2.8 months | 2.8 months | |||||
| Grace Period (Months) | 0.0 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 | Not Known | |||||
| True Price by Comp | |||||||||||
| Interest and Fee Component | 73.1% | 59.1% | 62.4% | 63.8% | 59.4% | 58.8% | |||||
| Insurance Component | 3.9% | 3.8% | 3.8% | 3.9% | 3.6% | 3.6% | |||||
| Tax Component | 1.1% | 1.0% | 1.1% | 0.0% | 1.0% | 1.0% | |||||
| Deposit Component | 2.1% | 3.3% | -0.5% | -0.7% | -1.0% | -7.9% | |||||
| Full APR (int fee ins tax dep) | 80.2% | 67.1% | 66.8% | 67.0% | 63.0% | 55.4% | |||||
| Transparency Index | 26 | 31 | 31 | 31 | 33 | 38 | |||||
| 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 | ||||||
|---|---|---|---|---|---|---|
| Greater than: | ||||||
| Less or equal to: | ||||||
| N (# of Samples) | ||||||
| Total Borrrowers of Samples | ||||||
| Avg | ||||||
| Min | ||||||
| Max | ||||||
| Std Dev | ||||||
| By Inst Type | ||||||
| By Country | ||||||
| X Axis | ||||||
|---|---|---|---|---|---|---|
| Greater than: | ||||||
| Less or equal to: | ||||||
| From 0 to | ||||||
| to | ||||||
| to | ||||||
| to ∞ | ||||||
