Loan Conditions

Loan Amount

Currency	PHP
Minimum loan size	PHP 1,000
Maximum loan size	120,000

Loan Term and Grace Period

Shortest loan term	3.0 months
Longest loan term	6.0 months
Approx average	6.0 months

Grace Period

Grace period usage	0
Average grace period	0.3 months

Repayment Frequency

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

Loan Conditions

Loan Amount

Currency	BOB
Minimum loan size	BOB 3,400
Maximum loan size	892,956

Distribution at Disbursement (Est.)

Loans less than BOB 10,000	15%
BOB 10,000-40,000	20%
BOB 40,000-70,000	30%
BOB 70,000-100,000	15%
BOB 100,000-125,000	10%
Greater than BOB 125,000	10%

Loan Term and Grace Period

Shortest loan term	6.0 months
Longest loan term	60.0 months
Approx average	48.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	10%
Between 7 and 9 months	10%
Between 10 and 12 months	15%
Between 13 and 18 months	15%
Longer than 18 months	50%

Grace Period

Grace period usage	10%
Average grace period	4.0 months

Repayment Frequency

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

Pricing Information

Interest

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

This product has no ongoing insurance fees

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	0
or, Fixed-amount deposited	PHP 60

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	PHP 60
Conditions on access to deposit	Access During

Interest Paid on Deposit

Minimum interest rate paid	7.00%
Maximum interest rate paid	7.00%
Interest payment frequency	Annually

Taxes

Are taxes charged on this product?

No

Additional Comments

There are two types of savings: (1) capital build-up (CBU) is withdrawable savings as long as within the 15% of the loan amount maintaining balance and earns 7% interest paid annually; and (2) locked in capital build-up (LCBU) is a non-interest compulsory savings with P1 weekly contribution and is refundable upon closing the account. In case of death, accumulated CBU and LCBU will be refunded to the beneficiary plus cash benefits

Pricing Information

Interest

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
Description	Seguro de Desgravamen
% of loan amount - min	0.30%
% of loan amount - max	3.00%
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

Compulsory Deposit

Required for	Never
Criteria	N/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 deposited	N/A
or, Fixed-amount deposited	N/A

Deposits DURING period payments

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A
Conditions on access to deposit	N/A

Interest Paid on Deposit

Minimum interest rate paid	N/A
Maximum interest rate paid	N/A
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?

No

Microfinance Loan Price Graphs

Microcredito Productivo (BOB) Price Graphs