Institution Type | Non-Governmental Organization |
Is this institution regulated? | No |
Website address | http://www.fodemi.org/ |
Year established | 1995 |
Head of Institution | Luis Ríos |
Regions active | |
# Branches | 11 |
Total Portfolio (nat'l) | USD 12,924,109.87 |
Total Portfolio (USD) | USD 12,924,109.87 |
Active clients with loans | 28,232 |
Approximate % female clients | 60% - 80% |
Approximate % urban clients | 20% - 40% |
Network affiliations | |
Funders |
Institution Type | Non-Governmental Organization |
Is this institution regulated? | No |
Website address | N/A |
Year established | 1989 |
Head of Institution | Engr. Panfilo Asares |
Regions active | |
# Branches | 3 |
Total Portfolio (nat'l) | PhP 101,848,650 |
Total Portfolio (USD) | USD 2,436,570.57 |
Active clients with loans | 12,752 |
Approximate % female clients | 60% - 80% |
Approximate % urban clients | 20% - 40% |
Network affiliations | Microfinance Council of the Philippines, Inc. |
Funders |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Crédito Banca Comunal | USD 50 - 4,000 | 7 - 24 | 60% - 80% | 0% - 20% | Business | Women, Men, Have business, mín 7 personas y máx 25 personas de un mismo sector. | Credit Educ, Group Mtgs, Credit Ins, Estos servicios no son cancelados por los clientes, los costos son asumidos por la Fundación. | |||||||
Crédito Grupo Solidario | USD 50 - 5,000 | 6 - 30 | 60% - 80% | 40% - 60% | Business | Women, Men, Have business, Experiencia en el negocio, mínimo de 6 meses., mín de 3 y máximo 6 personas. Que vivan cerca. | Credit Educ, Group Mtgs, Credit Ins, Estos servicios no son pagados por el cliente, los costos son asumidos ÂŽpor la Fundación. | |||||||
Crédito Individual | USD 400 - 6,000 | 6 - 30 | 40% - 60% | 80% - 100% | Business | Women, Men, Have business, Experiencia en el negocio, mínimo 6 meses. | Credit Educ, Credit Ins, Estos servicios no son pagados por el cliente, asume el costo la Fundación. |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Help (Individual) | PHP 20,000 - 150,000 | 3 - 24 | 60% - 80% | 20% - 40% | Business | Women, Men | Tech Asst Visits, Other Training, Mortuary Fund/Life insurance | |||||||
Hiram (Group Loan) | PHP 3,000 - 100,000 | 6 | 60% - 80% | 20% - 40% | Business | Women, Men, Must have experience running a business | Group Mtgs, Tech Asst Visits, Business Training, Bookeeping, consultancy, Mortuary Fund/Life Insurance |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Crédito Banca Comunal | 20.6%-22.6% annual, Decl Bal | 0 Fees | 0 Ins | None | 10.0% upfront | 22.3% | 26.3% - 26.4% | 78 | ||||||||
Crédito Grupo Solidario | 20.5%-22.5% annual, Decl Bal | 0 Fees | 0 Ins | None | 10.0% upfront | 20.5% - 22.5% | 24.2% - 26.7% | 79 | ||||||||
Crédito Individual | 20.5%-22.5% annual, Decl Bal | 0 Fees | 0 Ins | None | 10.0% upfront | 20.4% - 22.4% | 24.1% - 26.5% | 79 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Help (Individual) | 24.0% annual, Flat | 1 Fee | 1 Ins | 0.50% loan amt | 2.0% upfront | 38.3% - 55.9% | 41.1% - 60.3% | 46 | ||||||||
Hiram (Group Loan) | 24.0% annual, Flat | 1 Fee | 1 Ins | 0.25% loan amt | 4.0% upfront 20.00 ongoing | 68.6% | 81.7% - 111.2% | 27 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Crédito Banca Comunal | 20.6%-22.6% annual, Decl Bal | 0 Fees | 0 Ins Ins | None | 10.0% upfront | 22.3% | 26.3% - 26.4% | 78 | ||||||||
Crédito Grupo Solidario | 20.5%-22.5% annual, Decl Bal | 0 Fees | 0 Ins Ins | None | 10.0% upfront | 20.5% - 22.5% | 24.2% - 26.7% | 79 | ||||||||
Crédito Individual | 20.5%-22.5% annual, Decl Bal | 0 Fees | 0 Ins Ins | None | 10.0% upfront | 20.4% - 22.4% | 24.1% - 26.5% | 79 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Help (Individual) | 24.0% annual, Flat | 1 Fee | 1 Ins Ins | 0.50% loan amt | 2.0% upfront | 38.3% - 55.9% | 41.1% - 60.3% | 46 | ||||||||
Hiram (Group Loan) | 24.0% annual, Flat | 1 Fee | 1 Ins Ins | 0.25% loan amt | 4.0% upfront 20.00 ongoing | 68.6% | 81.7% - 111.2% | 27 |
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