Outstanding portfolio (INR) | INR 47,176,781.23 |
Portfolio (USD) | USD 890,127.95 |
Active Clients with Loans | 3,661 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | x |
Consumer loan | |
Agriculture | |
Education | x |
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 | |
Women | x |
Must run a business | x |
Must own a home or land | x |
Must be a salaried worker | |
Must be specific age group | |
Household income <60,000 INR | |
Household income <120,000 INR | |
Must live in rural area | |
Must lives in urban area | |
Other | Min 2 members per group to have own house or shop |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | INR |
Minimum loan size | INR 12,850 |
Maximum loan size | 15,250 |
Shortest loan term | 18.0 months |
Longest loan term | 18.0 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 | 0 |
Between 13 and 18 months | 100% |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | x |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 27.00% |
Highest quoted nominal interest | 27.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Processing Fee |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 250 |
Fixed amount - max | 290 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Insurance Fee (Voluntary) including Spouse (including Service Tax) |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 135 |
Fixed amount - max | 155 |
Reason for variation | N/A |
Appears on Repayment Sched? | 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 | INR 12,850 | INR 14,050 | INR 15,250 | ||
Loan Cycle (1, 2, 3, etc) | 1 | Not Known | Not Known | ||
Disbursement Date | 2010-12-04 | 2010-12-04 | 2010-12-04 | ||
Loan Term (Months) | 16.8 months | 16.8 months | 16.8 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 | 30.3% | 30.3% | 30.2% | ||
Insurance Component | 1.8% | 0.7% | 1.7% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 32.1% | 31.0% | 31.9% | ||
MFIN MFI Earning (Annualised) | 30.3% | 30.3% | 30.2% | ||
MFIN Cost to Borrower (Annualised) | 32.1% | 31.0% | 31.9% | ||
Transparency Index | 84 | 87 | 85 | ||
MFIN Transparency Index | N/A | N/A | N/A | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Institution Type | Non-Governmental Organization |
Is this institution regulated? | Yes |
Website address | http://cev.org.ph/ |
Year established | 1998 |
Head of Institution | Jonar B. Dorado |
Regions active | |
# Branches | 30 |
Total Portfolio (nat'l) | PhP 207,898,362.30 |
Total Portfolio (USD) | USD 4,973,645.03 |
Active clients with loans | 35,107 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 0% - 20% |
Network affiliations | VisionFund International (VFI), World Vision Development Foundation (WVDF), Microfinance Council of the Philippines (MCPI), Social Performance Management-Peer Learning Community (SPM-PLC) |
Funders | KIVA, PLANIS, Peoples Credit and Finance Corporation, World Vision Area Development Programs |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asenso Loan | PHP 31,000 - 150,000 | 12 - 24 | 20% - 40% | 0% - 20% | Business | Women, Men, Have business | Credit Educ, Group Mtgs | |||||||
BABE Loan | PHP 10,000 - 10,000 | 3 - 5 | 60% - 80% | 20% - 40% | Business, Agriculture, Hog-raising | Women, Men, Have business | Credit Educ, Group Mtgs | |||||||
CROP Loan | PHP 2,000 - 20,000 | 5 | 40% - 60% | 0% - 20% | Business, Agriculture | Women, Men, Farmer | Credit Educ, Group Mtgs, Credit Ins, Business Training | |||||||
Yaman Loan | PHP 2,000 - 30,000 | 4 - 5 | 60% - 80% | 20% - 40% | Business | Women, Men, Have business, Specific age group | Credit Educ, Group Mtgs, Credit Ins, Business Training |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Asenso Loan | 30.0% annual, Flat | 2 Fees | 1 Ins | None | 20.0% upfront 200.00 ongoing | 58.9% - 68.6% | 69.1% - 115.5% | 35 | ||||||||
BABE Loan | 30.0% annual, Flat | 1 Fee | 1 Ins | None | 20.0% upfront 200.00 ongoing | 44.7% | 71.1% | 42 | ||||||||
CROP Loan | 30.0% annual, Flat | 2 Fees | 1 Ins | None | 20.0% upfront 50.00 ongoing | 39.5% - 45.7% | 61.5% - 79% | 44 | ||||||||
Yaman Loan | 30.0% annual, Flat | 2 Fees | 1 Ins | None | 20.0% upfront 50.00 ongoing | 79.7% - 88.1% | 142.3% - 200.9% | 17 |
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 ∞ |