Number borrowers | 120 |
Loan Amount (range) | PHP 40,000 - 70,000 |
Loan Term (range) | 36 |
Other Services (text summary) | Credit Educ, Credit Ins, Tech Asst Visits, Business Training, Other Training |
Annual Interest & Method | 10.0% annual, Flat |
Fees | 3.00% upfront |
Insurance | 300.00 upfront 20.00 ongoing |
Tax | None |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 73.8% (Int+Fee) |
Insurance Component | 1.3% - 151.3% |
Tax Component Range | 0 - 2.8% |
Full APR (int fee ins tax dep) | 78.7% |
Transparency Index (min/max) | 0 - 81 |
Transparency Index (average) | 13 |
203 |
USD 1,200 - 68,000 |
12 - 84 |
Credit Ins |
17.0%-25.0% annual, Decl Bal |
None |
0.60%-4.20% ongoing |
None |
N/A |
16.1% - 26.7% |
0 - 1.0% |
0 - 1.1% |
0 - 0.2% |
18.6% - 20.3% |
59 - 97 |
87 |
Outstanding portfolio (PHP) | PHP 2,688,607 |
Portfolio (USD) | USD 64,320.74 |
Active Clients with Loans | 120 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 20% - 40% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | x |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | x |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | |
Credit insurance | x |
Workplace visits | x |
Business training | x |
Other training | x |
Other | |
Other (2) | |
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 | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (USD) | USD 8,446,409 |
Portfolio (USD) | USD 8,446,409 |
Active Clients with Loans | 203 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | x |
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 | |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 7 |
# Regions for this product | 7 |
Regions Active | Chuquisaca , Cochabamba , La Paz , Oruro , Potosí, Santa Cruz, Tarija |
Currency | PHP |
Minimum loan size | PHP 40,000 |
Maximum loan size | 70,000 |
Shortest loan term | 36.0 months |
Longest loan term | 36.0 months |
Approx average | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | x |
Every 2 weeks | |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | USD |
Minimum loan size | USD 1,200 |
Maximum loan size | 68,000 |
Loans less than USD 1,500 | 15% |
USD 1,500-5,000 | 20% |
USD 5,000-10,000 | 20% |
USD 10,000-15,000 | 15% |
USD 15,000-18,000 | 15% |
Greater than USD 18,000 | 15% |
Shortest loan term | 12.0 months |
Longest loan term | 84.0 months |
Approx average | 55.0 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 | 30% |
Longer than 18 months | 60% |
Grace period usage | 10% |
Average grace period | 3.0 months |
Daily | |
Weekly | |
Every 2 weeks | x |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | x |
Every 6 months | x |
Every 12 months | x |
Single end payment | x |
Irregular payments |
Lowest quoted nominal interest | 10.00% |
Highest quoted nominal interest | 10.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | Yes |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Service Charge |
% of loan amount - min | 3.00% |
% of loan amount - max | 3.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Life Insurance - Registration |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 300 |
Fixed amount - max | 300 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Life Insurance |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 20 |
Fixed amount - max | 20 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
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 |
Lowest quoted nominal interest | 17.00% |
Highest quoted nominal interest | 25.00% |
Reason(s) why interest rate varies | Branch, Time as Client, Loan Size, Client Risk, Collateral, Loan Purpose |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | No |
Ins 1 | |
---|---|
Description | Seguro de Desgravamen |
% of loan amount - min | 0.60% |
% of loan amount - max | 4.20% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | El costo es de 0.05% mensual, con cargo sólo en el saldo de capital pendiente del préstamo. |
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 | PHP 50,000 | PHP 50,000 | PHP 50,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2011-05-04 | 2011-05-04 | 2011-05-04 | ||
Loan Term (Months) | 11.7 months | 11.7 months | 11.7 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 | 73.8% | 73.8% | 73.8% | ||
Insurance Component | 4.9% | 4.9% | 4.9% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 78.7% | 78.7% | 78.7% | ||
Transparency Index | 13 | 13 | 13 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | ||
---|---|---|---|
Loan Amount | USD 8,500 | USD 10,000 | |
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | |
Disbursement Date | 2013-04-15 | 2013-03-20 | |
Loan Term (Months) | 73.0 months | 61.0 months | |
Grace Period (Months) | 0.0 months | 0.1 months | |
Total Cost of Credit | USD 5,259.59 | USD 4,999.78 | |
True Price by Comp | |||
Interest price component | 19.7% | 18.1% | |
Fee Component | 0.0% | 0.0% | |
Insurance Component | 0.6% | 0.5% | |
Tax Component | 0.0% | 0.0% | |
Deposit Component | 0.0% | 0.0% | |
Full APR (int fee ins tax dep) | 20.3% | 18.6% | |
Transparency Index | 84 | 91 | |
Original Repayment Schedule | |||
MFT Pricing Calculation |
Key Statistics | |
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# 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 |
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