| Number borrowers | 333,452 |
| Loan Amount (range) | PHP 1,000 - 120,000 |
| Loan Term (range) | 3 - 6 |
| Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Other Training, Life insurance, Marketing facilities |
| Annual Interest & Method | 30.0% annual, Flat |
| Fees | None |
| Insurance | None |
| Tax | None |
| Comp Dep | 60.00 upfront 60.00 ongoing |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 53.2% - 60.1% (Int+Fee) |
| Insurance Component | 0 |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 54.6% - 86.8% |
| Transparency Index (min/max) | 35 - 55 |
| Transparency Index (average) | 47 |
| 4,484 |
| BOB 15,000 - 9,115,000 |
| 18 - 144 |
| Credit Educ |
| 9.0%-15.0% annual, Decl Bal |
| None |
| None |
| None |
| N/A |
| 12.5% - 26.6% |
| 0 |
| 0 |
| 0 |
| 12.5% - 14.1% |
| 37 - 83 |
| 63 |
| Outstanding portfolio (PHP) | PHP 1,223,998,400 |
| Portfolio (USD) | USD 29,282,258.37 |
| Active Clients with Loans | 333,452 |
| Approximate % Female Clients | 80% - 100% |
| 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 | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | x |
| Business training | x |
| Other training | x |
| Other | Life insurance |
| Other (2) | Marketing facilities |
| No other services |
| Men | |
| 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 | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Outstanding portfolio (BOB) | BOB 796,192,207.40 |
| Portfolio (USD) | USD 117,954,401.10 |
| Active Clients with Loans | 4,484 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 60% - 80% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | x |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | |
| Credit insurance | |
| Workplace visits | |
| 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 | x |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | 9 |
| # Regions for this product | 9 |
| Regions Active | Beni , Chuquisaca , Cochabamba , La Paz , Oruro , Pando , Potosí, Santa Cruz, Tarija |
| Currency | PHP |
| Minimum loan size | PHP 1,000 |
| Maximum loan size | 120,000 |
| Shortest loan term | 3.0 months |
| Longest loan term | 6.0 months |
| Approx average | 6.0 months |
| Grace period usage | 0 |
| Average grace period | 0.3 months |
| 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 | BOB |
| Minimum loan size | BOB 15,000 |
| Maximum loan size | 9,115,000 |
| Loans less than BOB 10,000 | 0 |
| BOB 10,000-40,000 | 5% |
| BOB 40,000-70,000 | 10% |
| BOB 70,000-100,000 | 15% |
| BOB 100,000-125,000 | 10% |
| Greater than BOB 125,000 | 10% |
| Shortest loan term | 18.0 months |
| Longest loan term | 144.0 months |
| Approx average | 77.0 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 | 0 |
| Longer than 18 months | 100% |
| Grace period usage | 10% |
| Average grace period | DK |
| Daily | |
| Weekly | x |
| Every 2 weeks | x |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | x |
| Quarterly | x |
| Every 6 months | x |
| Every 12 months | x |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 30.00% |
| Highest quoted nominal interest | 30.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | PHP 60 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | PHP 60 |
| Conditions on access to deposit | Access During |
| Minimum interest rate paid | 7.00% |
| Maximum interest rate paid | 7.00% |
| Interest payment frequency | Annually |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 9.00% |
| Highest quoted nominal interest | 15.00% |
| Reason(s) why interest rate varies | Time as Client, Loan Size, Client Risk, Collateral |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | 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 |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | PHP 3,000 | PHP 8,000 | PHP 14,000 | PHP 30,000 | PHP 31,000 | PHP 100,000 | |||||
| Loan Cycle (1, 2, 3, etc) | 1 | 3 | 8 | 14 | 12 | 20 | |||||
| Disbursement Date | 2011-02-09 | 2011-03-23 | 2011-03-23 | 2010-09-01 | 2010-12-01 | 2011-01-27 | |||||
| Loan Term (Months) | 5.4 months | 5.4 months | 5.4 months | 5.8 months | 5.4 months | 5.4 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 | 59.6% | 58.3% | 58.3% | 59.2% | 53.2% | 60.1% | |||||
| Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Deposit Component | 27.1% | 4.2% | 3.8% | 2.2% | 1.5% | 0.6% | |||||
| Full APR (int fee ins tax dep) | 86.8% | 62.5% | 62.1% | 61.4% | 54.6% | 60.6% | |||||
| Transparency Index | 35 | 48 | 48 | 49 | 55 | 49 | |||||
| Original Repayment Schedule | |||||||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | BOB 25,000 | BOB 100,000 | BOB 102,870 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-12-23 | 2013-12-12 | 2013-11-26 | ||
| Loan Term (Months) | 24.0 months | 61.0 months | 49.0 months | ||
| Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
| Total Cost of Credit | BOB 3,697.68 | BOB 33,456.83 | BOB 26,615.32 | ||
| True Price by Comp | |||||
| Interest price component | 14.1% | 13.1% | 12.5% | ||
| Fee Component | 0.0% | 0.0% | 0.0% | ||
| Insurance Component | 0.0% | 0.0% | 0.0% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 14.1% | 13.1% | 12.5% | ||
| Transparency Index | 50 | 69 | 72 | ||
| 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 |
|---|---|---|---|---|---|---|---|
| X Axis | ||||||
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| Greater than: | ||||||
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| N (# of Samples) | ||||||
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| By Country | ||||||
| X Axis | ||||||
|---|---|---|---|---|---|---|
| Greater than: | ||||||
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| From 0 to | ||||||
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