| Outstanding portfolio (KHR) | KHR 1,905,507,200 |
| Portfolio (USD) | USD 482,406.89 |
| Active Clients with Loans | 1,063 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | |
| Solidarity group | x |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | x |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | |
| Business training | x |
| Other training | x |
| 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 | x |
| Other | |
| Other (2) |
| # Regions for this institution | 20 |
| # Regions for this product | 20 |
| Regions Active | Banteay Meanchey, Battambang, Kampong Cham, Kampong Chhnang, Kampong Speu, Kampong Thom, Kampot, Kandal, Koh KongKratié, Oddar Meancheay, Pailin, Phnom Penh, Sihanoukville, Preah Vihear, Pursat, Prey VengSiem Reap, Svay Rieng, Takéo |
| Currency | KHR |
| Minimum loan size | KHR 600,100 |
| Maximum loan size | 4,000,000 |
| Loans less than KHR 1,000,000 | 10% |
| KHR 1,000,000-3,500,000 | 70% |
| KHR 3,500,000-6,000,000 | 20% |
| KHR 6,000,000-8,000,000 | 0 |
| KHR 8,000,000-10,000,000 | 0 |
| Greater than KHR 10,000,000 | 0 |
| Shortest loan term | 3.0 months |
| Longest loan term | 24.0 months |
| Approx average | 18.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 10% |
| Between 13 and 18 months | 60% |
| Longer than 18 months | 30% |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | x |
| Quarterly | x |
| Every 6 months | x |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 2.85% |
| Highest quoted nominal interest | 3.00% |
| Reason(s) why interest rate varies | Branch, Client Risk |
| 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 | 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 | KHR 800,000 | KHR 1,500,000 | KHR 2,600,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-02-20 | 2013-02-08 | 2013-02-05 | ||
| Loan Term (Months) | 24.0 months | 19.0 months | 17.0 months | ||
| Grace Period (Months) | 2.9 months | 5.4 months | 3.3 months | ||
| Total Cost of Credit | KHR 320,800 | KHR 602,000 | KHR 898,200 | ||
| True Price by Comp | |||||
| Interest price component | 34.4% | 34.5% | 35.5% | ||
| 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) | 34.4% | 34.5% | 35.5% | ||
| Transparency Index | 99 | 99 | 96 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Institution Type | RurBank |
| Is this institution regulated? | Yes |
| Website address | http://www.1stvalleybank.com/ |
| Year established | 1956 |
| Head of Institution | Atty. Nicolas J. Lim |
| Regions active | |
| # Branches | 23 |
| Total Portfolio (nat'l) | PhP 3,284,057,363 |
| Total Portfolio (USD) | USD 78,565,965.62 |
| Active clients with loans | 70,630 |
| Approximate % female clients | 40% - 60% |
| Approximate % urban clients | 40% - 60% |
| Network affiliations | Bangko Sentral ng Pilipinas (BSP), Rural Bankers Association of the Philippines (RBAP), Microenterprise Access to Banking Services (MABS), Microfinance Council of the Philippines, Inc. (MCPI) |
| Funders |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Barangay and LGU Livelihood Loan | PHP 10,000 - 250,000 | 12 - 24 | 20% - 40% | 40% - 60% | Business, Agriculture | Women, Men, Salaried worker, Specific age group, 18-70 years old, Barangay & LGU Officials | Credit Ins | |||||||
| DepEd APDS Loan | PHP 20,000 - 250,000 | 12 - 24 | 60% - 80% | 40% - 60% | Any Purpose | Women, Men, Salaried worker | Credit Ins | |||||||
| Microfinance Loan | PHP 3,000 - 150,000 | 0.9 - 12 | 80% - 100% | 20% - 40% | Business, Agriculture, Housing | Women, Men, Specific age group, 18-65 years old | Credit Ins, Tech Asst Visits |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Barangay and LGU Livelihood Loan | 18.0%-20.0% annual, Flat | 2 Fees | 1 Ins | None | 500.00 upfront | 39.1% - 39.7% | 39.4% - 45.1% | 42 | ||||||||
| DepEd APDS Loan | 9.0% annual, Flat | 2 Fees | 1 Ins | None | 1,000.00 upfront 10.00 ongoing | 21.3% - 21.5% | 23.5% - 24.8% | 37 | ||||||||
| Microfinance Loan | 30.0% annual, Flat | 2 Fees | 1 Ins | None | 5.0% upfront 10.00 ongoing | 68.6% - 96.4% | 80.2% - 120.9% | 32 |
| Key Statistics | |
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| Loan Portfolio (USD) | |
| % Products using declining balance | |
| % Products with one or more fee | |
| % Products with one or more insurances | |
| % Products with compulsory deposits |
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