ARDCI NGO Group, Inc. - Micro Business (MB) - MFTransparency.org Truth In Lending Tables

Please note that the information you are viewing is 160 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

ARDCI NGO Group, Inc. Sta. ElenaVirac, Catanduanes4800

Data approved: 2011-11-16

Data version: 1

Age of data: 160 months

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Product

Micro Business (MB) Product 1 of 1 « Prev | Next »

Product Details

Key Statistics

Outstanding portfolio (PHP)	PHP 393,049,789.90
Portfolio (USD)	USD 9,403,105.02
Active Clients with Loans	44,667
Approximate % Female Clients	60% - 80%
Approximate % Urban Clients	20% - 40%

Methodology

Individual	x
Solidarity group	x
Village banking
Self help group
Other

Description

A micro business is a family-based production, and or marketing/trading activity aimed to generate profit and is within the borrower's capacity to manage successfully.

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)

Included Services

Credit education
Group meetings	x
Credit insurance	x
Workplace visits
Business training
Other training
Other
Other (2)
No other services

Eligibility

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)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	N/A
# Regions for this product	N/A
Regions Active

Loan Conditions

Loan Amount

Currency	PHP
Minimum loan size	PHP 10,000
Maximum loan size	200,000

Loan Term and Grace Period

Shortest loan term	3.0 months
Longest loan term	12.0 months
Approx average	0

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

Daily
Weekly	x
Every 2 weeks
Every 4 weeks
Monthly	x
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest

Lowest quoted nominal interest	2.00%
Highest quoted nominal interest	2.00%
Interest rate period	Monthly
Interest Rate Calculation Method	Flat
Subsidized by funder request?
Is rate fixed for entire loan term	Yes

Upfront Fees

This product has no upfront fees

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

This product has no upfront insurance fees

Ongoing Insurance Fees

	Ins 1	Ins 2
Description	Life Insurance	Hospital Income Benefit (HIB)
% of loan amount - min	0	0
% of loan amount - max	0	0
OR, Fixed amount - min	20	2.50
Fixed amount - max	20	2.50
Reason for variation	N/A	N/A
Appears on Repayment Sched?	No	No

Compulsory Deposit

Required for	All
Criteria	N/A
Is deposit indicated on the repayment schedule?
Do borrowers control deposit in their group?

Deposit BEFORE or AT Disbursement

% loan amount deposited	10.00%
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	PHP 30
Conditions on access to deposit	When Leaving

Interest Paid on Deposit

Minimum interest rate paid	5.00%
Maximum interest rate paid	5.00%
Interest payment frequency	Quarterly

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Micro Business (MB) samples

	Sample 1	Sample 2	Sample 3	Sample 4	Sample 5
Loan Amount	PHP 15,000	PHP 30,000	PHP 30,000	PHP 60,000	PHP 90,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2011-09-15	2011-09-20	2011-08-04	2011-05-18	2011-03-23
Loan Term (Months)	11.7 months	11.7 months	12.0 months	11.7 months	8.6 months
Grace Period (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
True Price by Comp
Interest and Fee Component	45.8%	45.8%	44.2%	45.8%	46.3%
Insurance Component	13.2%	6.7%	6.4%	3.3%	2.3%
Tax Component	0.0%	0.0%	0.0%	0.0%	0.0%
Deposit Component	16.7%	12.3%	11.4%	10.3%	9.9%
Full APR (int fee ins tax dep)	75.7%	64.8%	62.0%	59.5%	58.5%
Transparency Index	32	37	39	40	41

Original Repayment Schedule	PDF	PDF	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF	PDF	PDF

Micro Business (MB) 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

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N (# of Samples)
Total Borrrowers of Samples


Avg
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By Country

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