2. ASKI
Please note that the information you are viewing is 158 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. Ecofuturo
Please note that the information you are viewing is 129 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Alalay sa Kaunlaran, Inc. 105 Maharlika HighwayCabanatuan, Nueva Ecija3100
Data approved: 2011-11-15
Data version: 1
Age of data: 158 months

Institution

Ecofuturo S.A. calle Mexico 1530 entre Otero de la Vega y Nicolas AcostaLa Paz
Data approved: 2010-11-09
Data version: 1
Age of data: -   months 
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Product

Individual Loan Program (ILP) Product 4 of 4 « Prev | Next »

Product

Eco-Consumo Product 8 of 9 « Prev | Next »

Product Summary

Number borrowers14,472
Loan Amount (range)PHP 5,000 - 150,000
Loan Term (range)6 - 24
Other Services (text summary)Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training, Transformation Program, Environment Program
Annual Interest & Method21.0%-36.0% annual, Flat
Fees3.00% upfront 100.00 upfront
Insurance300.00 upfront 30.00 ongoing
TaxNone
Comp Dep10.00% ongoing
Range of pricing 
Interest Price ComponentN/A
Fee Component67.4% - 91.1% (Int+Fee)
Insurance Component0 - 54.9%
Tax Component Range0
Full APR (int fee ins tax dep)71.0% - 157.5%
Transparency Index (min/max)13 - 78
Transparency Index (average)22

Product Summary

4,975
BOB 350 - 21,000
3 - 60
Credit Ins
25.0%-30.0% annual, Decl Bal
None
None
N/A
 
N/A
0 (Int+Fee)
0 - 0.3%
0 - 0.5%
0
0 - N/A
N/A

Product Details

Key Statistics
Outstanding portfolio (PHP)PHP 219,300,668
Portfolio (USD)USD 5,246,427.46
Active Clients with Loans14,472
Approximate % Female Clients60% - 80%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
ILP is lending to a single person with a relatively larger loan amount than that of group lending. It offers a wide range of financial services to micro-entrepreneurs to increase their business and family income.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visitsx
Business trainingx
Other trainingx
OtherTransformation Program
Other (2)Environment Program
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Product Details

Key Statistics
Outstanding portfolio (BOB)BOB 38,551,617.43
Portfolio (USD)USD 5,627,973.35
Active Clients with Loans4,975
Approximate % Female Clients40% - 60%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Crédito dirigido a Asalariados y Microempresarios que destinen los recursos a la libre disponibilidad
Loan Purpose
Any purposex
Income generation
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried workerx
Must be specific age group
OtherAsalariados tanto formales como informales (Hasta $us. 800), Crédito otorgado a Asalariados que cuen
Other (2)Microempresarios que destinen el dinero de forma diferente a la actividad
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyPHP
Minimum loan sizePHP 5,000
Maximum loan size150,000
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term24.0 months
Approx average6.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyBOB
Minimum loan sizeBOB 350
Maximum loan size21,000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term60.0 months
Approx average0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest1.75%
Highest quoted nominal interest3.00%
Reason(s) why interest rate variesTime as Client, Loan Size, Client Risk
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1Fee 2
DescriptionService FeeBusiness Development Support Service
% of loan amount - min3.00%0
% of loan amount - max3.00%0
OR, Fixed amount - min0100
Fixed amount - max0100
Reason for variationN/A
Appears on Repayment Sched?NoNo
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionASKI MBA Life Insurance
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min300
Fixed amount - max300
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
Ins 1
DescriptionASKI MBA Life Insurance
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min30
Fixed amount - max30
Reason for variationN/A
Appears on Repayment Sched?Yes
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited0
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited10.00%
or, Fixed-amount deposited0
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paid1.00%
Maximum interest rate paid1.00%
Interest payment frequencyMonthly
Taxes
Are taxes charged on this product?No
Additional Comments
For MBA, one time membership fee or P3 and first week premium contribution of P3 are collected on initial loan. Interest on CBU is computed based on the average daily balance and is directly credit to the client's account. Outreach based on April 211 data

Pricing Information

Interest
Lowest quoted nominal interest25.00%
Highest quoted nominal interest30.00%
Reason(s) why interest rate variesLoan Size
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?N/A
Is rate fixed for entire loan termNo
Upfront Fees
This product has no upfront fees
Ongoing Fees
Fee 1Fee 2
DescriptionSeguro de DesgravamenSeguro de Cesantia
% of loan amount - min4.00%1.00%
% of loan amount - max4.00%1.00%
OR, Fixed amount - min00
Fixed amount - max00
Reason for variationN/AN/A
Appears on Repayment Sched?YesYes
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No
Additional Comments
Crédito otorgado a Asalariados que cuenten con Boleta de Pago, Certificado de Trabajo y/o AfpÂŽs

Full Pricing Data

Individual Loan Program (ILP) samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountPHP 8,000PHP 14,000PHP 30,000PHP 60,000PHP 90,000PHP 120,000
Loan Cycle (1, 2, 3, etc)141336
Disbursement Date2011-04-292011-04-152011-04-152011-04-292011-05-172011-05-25
Loan Term (Months)6.0 months6.0 months6.0 months6.0 months12.0 months12.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot KnownNot KnownNot Known
True Price by Comp           
Interest and Fee Component91.1%88.5%77.6%87.0%67.8%67.4%
Insurance Component54.9%20.6%5.1%4.8%2.8%2.1%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component11.6%8.8%5.7%4.3%2.0%1.5%
Full APR (int fee ins tax dep)157.5%117.9%88.4%96.1%72.6%71.0%
Transparency Index131824222930
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF

Full Pricing Data

Eco-Consumo samples
Sample 1Sample 2Sample 3
Loan AmountBOB 2,500BOB 7,000BOB 14,000
Loan Cycle (1, 2, 3, etc)11Not Known
Disbursement Date2010-06-052010-06-192010-06-16
Loan Term (Months)12.0 months24.0 months48.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot Known
True Price by Comp     
Interest and Fee Component31.0%31.0%28.0%
Insurance Component0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)31.0%31.0%28.0%
Transparency Index818189
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Individual Loan Program (ILP) Price Graphs


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Eco-Consumo Price Graphs


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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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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