| 7,492 |
| PHP 5,000 - 150,000 |
| 4 - 6 |
| Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training, Transformation Program, Environment Program |
| 24.0%-36.0% annual, Flat |
| 3.00% upfront 100.00 upfront |
| 3 fees |
| None |
| 10.00% ongoing |
| N/A |
| 32.7% - 34.5% (Int+Fee) |
| 0 - 54.9% |
| 0 |
| 32.7% - 69.3% |
| 13 - 78 |
| 64 |
| Outstanding portfolio (PHP) | PHP 152,630,925 |
| Portfolio (USD) | USD 3,651,457.54 |
| Active Clients with Loans | 7,492 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | x |
| Solidarity group | x |
| Village banking | x |
| Self help group | |
| 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 | x |
| Other | Transformation Program |
| Other (2) | Environment Program |
| 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 | Must be engaged in agri-business |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Currency | PHP |
| Minimum loan size | PHP 5,000 |
| Maximum loan size | 150,000 |
| Shortest loan term | 4.0 months |
| Longest loan term | 6.0 months |
| Approx average | 5.0 months |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | |
| 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 | 2.00% |
| Highest quoted nominal interest | 3.00% |
| Reason(s) why interest rate varies | Client Risk, Loan Purpose, Interest rate varies if client has exceeded the loan duration or if the loan is given to a new client, not as an incentive loan. |
| 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 | Business Development Support Service | |
| % of loan amount - min | 3.00% | 0 | |
| % of loan amount - max | 3.00% | 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 | Ins 2 | ||
|---|---|---|---|
| Description | Crop Insurance (PCIC) for corn and palay | ASKI MBA Life Insurance | |
| % of loan amount - min | 5.31% | 0 | |
| % of loan amount - max | 8.48% | 0 | |
| OR, Fixed amount - min | 0 | 480 | |
| Fixed amount - max | 0 | 480 | |
| Reason for variation | N/A | N/A | |
| Appears on Repayment Sched? | No | No |
| Ins 1 | |
|---|---|
| Description | ASKI MBA Life Insurance |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 30 |
| Fixed amount - max | 30 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
| 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 | 0 |
| % loan amount deposited | 10.00% |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | Access During |
| Minimum interest rate paid | 1.00% |
| Maximum interest rate paid | 1.00% |
| Interest payment frequency | Monthly |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | PHP 7,000 | PHP 20,000 | PHP 28,000 | PHP 60,000 | PHP 90,000 | PHP 120,000 | |||||
| Loan Cycle (1, 2, 3, etc) | 1 | 1 | 5 | 3 | 4 | 5 | |||||
| Disbursement Date | 2011-04-11 | 2011-07-07 | 2011-04-29 | 2011-04-27 | 2011-04-28 | 2011-05-24 | |||||
| Loan Term (Months) | 4.0 months | 5.0 months | 4.0 months | 5.0 months | 5.0 months | 5.0 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 | 34.5% | 33.8% | 33.9% | 32.7% | 32.7% | 34.0% | |||||
| Insurance Component | 0.0% | 35.4% | 0.0% | 0.0% | 1.5% | 1.2% | |||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Full APR (int fee ins tax dep) | 34.5% | 69.3% | 33.9% | 32.7% | 34.2% | 35.2% | |||||
| Transparency Index | 70 | 35 | 71 | 74 | 70 | 68 | |||||
| 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 |
|---|---|---|---|---|---|---|---|
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