| Number borrowers | 7,492 |
| Loan Amount (range) | PHP 5,000 - 150,000 |
| Loan Term (range) | 4 - 6 |
| Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training, Transformation Program, Environment Program |
| Annual Interest & Method | 24.0%-36.0% annual, Flat |
| Fees | 3.00% upfront 100.00 upfront |
| Insurance | 3 fees |
| Tax | None |
| Comp Dep | 10.00% ongoing |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 32.7% - 34.5% (Int+Fee) |
| Insurance Component | 0 - 54.9% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 32.7% - 69.3% |
| Transparency Index (min/max) | 13 - 78 |
| Transparency Index (average) | 64 |
| 4,936 |
| BOB 1,400 - 350,000 |
| 3 - 36 |
| Credit Ins, Tech Asst Visits |
| 15.0%-28.0% annual, Decl Bal |
| 1.00%-2.00% upfront |
| 0.24%-2.88% ongoing |
| None |
| N/A |
| 15.0% - 34.0% |
| 0.9% - 5.5% |
| 0.9% - 1.7% |
| 0 |
| 23.9% - 33.0% |
| 43 - 82 |
| 52 |
| 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 |
| Outstanding portfolio (BOB) | BOB 98,048,774 |
| Portfolio (USD) | USD 14,525,744.30 |
| Active Clients with Loans | 4,936 |
| Approximate % Female Clients | 0% - 20% |
| Approximate % Urban Clients | 20% - 40% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | |
| Group meetings | |
| Credit insurance | x |
| Workplace visits | x |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | x |
| 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 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 |
| Currency | BOB |
| Minimum loan size | BOB 1,400 |
| Maximum loan size | 350,000 |
| Loans less than BOB 10,000 | 5% |
| BOB 10,000-40,000 | 60% |
| BOB 40,000-70,000 | 10% |
| BOB 70,000-100,000 | 10% |
| BOB 100,000-125,000 | 10% |
| Greater than BOB 125,000 | 10% |
| Shortest loan term | 3.0 months |
| Longest loan term | 36.0 months |
| Approx average | 19.5 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 5% |
| Between 7 and 9 months | 5% |
| Between 10 and 12 months | 10% |
| Between 13 and 18 months | 20% |
| Longer than 18 months | 60% |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | x |
| Every 6 months | x |
| Every 12 months | |
| Single end payment | x |
| Irregular payments | x |
| 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 |
| Lowest quoted nominal interest | 15.00% |
| Highest quoted nominal interest | 28.00% |
| Reason(s) why interest rate varies | Loan Size, Collateral |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Gastos Administrativos |
| % of loan amount - min | 1.00% |
| % of loan amount - max | 2.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | Fee varies based on loan amount. |
| Appears on Repayment Sched? | Yes |
| Ins 1 | |
|---|---|
| Description | Seguro de Desgravamen |
| % of loan amount - min | 0.24% |
| % of loan amount - max | 2.88% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | Insurance fee is 0.08% per month, charged on the total disbursed amount for loans 3,000 USD and below, and charged on the oustanding princpal balalnce only for loans above 3,000 USD. |
| 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 | 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 |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | BOB 1,500 | BOB 17,000 | BOB 30,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-06-25 | 2014-03-06 | 2014-03-06 | ||
| Loan Term (Months) | 6.0 months | 8.0 months | 12.0 months | ||
| Grace Period (Months) | 2.3 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | BOB 201.74 | BOB 1,988.55 | BOB 3,917.12 | ||
| True Price by Comp | |||||
| Interest price component | 26.4% | 24.9% | 20.0% | ||
| Fee Component | 5.2% | 4.2% | 2.9% | ||
| Insurance Component | 1.4% | 1.6% | 1.0% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 33.0% | 30.7% | 23.9% | ||
| Transparency Index | 45 | 49 | 63 | ||
| 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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