Number borrowers | 6,267 |
Loan Amount (range) | PHP 2,000 - 60,000 |
Loan Term (range) | 6 |
Other Services (text summary) | Group Mtgs, Credit Ins, Business Training |
Annual Interest & Method | 30.0% annual, Flat |
Fees | 2.50% upfront |
Insurance | 280.00-1,120.00 upfront 7.00% upfront |
Tax | 0.50% loan amt |
Comp Dep | 160.00 upfront 12.50% ongoing |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 59.1% - 60.5% (Int+Fee) |
Insurance Component | 0 - 1.9% |
Tax Component Range | 1.0% - 1.1% |
Full APR (int fee ins tax dep) | 67.9% - 72.3% |
Transparency Index (min/max) | 31 - 44 |
Transparency Index (average) | 42 |
40,631 |
BOB 400 - 80,000 |
3 - 60 |
Credit Ins |
14.5%-21.5% annual, Decl Bal |
None |
None |
None |
N/A |
7.8% - 28.0% |
0 |
0 |
0 |
14.4% - 19.1% |
52 - 101 |
85 |
Outstanding portfolio (PHP) | PHP 48,144,967 |
Portfolio (USD) | USD 1,151,793.47 |
Active Clients with Loans | 6,267 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
Individual | |
Solidarity group | x |
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 | x |
Credit insurance | x |
Workplace visits | |
Business training | x |
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 | x |
Other | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (BOB) | BOB 991,324,006.20 |
Portfolio (USD) | USD 146,862,815.70 |
Active Clients with Loans | 40,631 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 80% - 100% |
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 | |
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 | 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 2,000 |
Maximum loan size | 60,000 |
Shortest loan term | 6.0 months |
Longest loan term | 6.0 months |
Approx average | 6.0 months |
Grace period usage | 0 |
Average grace period | 0 |
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 400 |
Maximum loan size | 80,000 |
Loans less than BOB 10,000 | 30% |
BOB 10,000-40,000 | 50% |
BOB 40,000-70,000 | 20% |
BOB 70,000-100,000 | 0 |
BOB 100,000-125,000 | 0 |
Greater than BOB 125,000 | 0 |
Shortest loan term | 3.0 months |
Longest loan term | 60.0 months |
Approx average | 30.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 5% |
Between 7 and 9 months | 5% |
Between 10 and 12 months | 5% |
Between 13 and 18 months | 15% |
Longer than 18 months | 70% |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
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 | 2.50% |
Highest quoted nominal interest | 2.50% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Bank Charge |
% of loan amount - min | 2.50% |
% of loan amount - max | 2.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | No |
Ins 1 | Ins 2 | ||
---|---|---|---|
Description | Group Life Insurance | Credit Life Insurance | |
% of loan amount - min | 0 | 7.00% | |
% of loan amount - max | 0 | 7.00% | |
OR, Fixed amount - min | 280 | 0 | |
Fixed amount - max | 1,120 | 0 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | No | No |
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 | PHP 160 |
% loan amount deposited | 12.50% |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | Access During |
Minimum interest rate paid | 0.05% |
Maximum interest rate paid | 0.05% |
Interest payment frequency | Quarterly |
Are taxes charged on this product? | Yes |
Percentage of fees | 0 |
All or some fees taxed | N/A |
Lowest quoted nominal interest | 14.50% |
Highest quoted nominal interest | 21.50% |
Reason(s) why interest rate varies | Loan Size, Collateral, Plazo |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | 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 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | PHP 3,000 | PHP 8,000 | PHP 15,000 | PHP 30,000 | PHP 60,000 | ||||
Loan Cycle (1, 2, 3, etc) | 1 | 2 | 3 | 8 | 12 | ||||
Disbursement Date | 2011-06-09 | 2011-06-09 | 2011-06-09 | 2011-07-26 | 2011-07-26 | ||||
Loan Term (Months) | 5.8 months | 5.8 months | 5.8 months | 5.8 months | 5.8 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 | 59.1% | 59.1% | 59.1% | 60.5% | 59.1% | ||||
Insurance Component | 0.0% | 0.0% | 0.0% | 1.9% | 1.9% | ||||
Tax Component | 1.0% | 1.0% | 1.0% | 1.1% | 1.1% | ||||
Deposit Component | 12.2% | 8.8% | 7.9% | 7.8% | 7.3% | ||||
Full APR (int fee ins tax dep) | 72.3% | 68.9% | 67.9% | 71.2% | 69.3% | ||||
Transparency Index | 41 | 44 | 44 | 42 | 43 | ||||
Original Repayment Schedule | |||||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | BOB 2,000 | BOB 21,000 | BOB 75,400 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2014-04-07 | 2013-06-12 | 2013-03-12 | ||
Loan Term (Months) | 12.0 months | 7.0 months | 24.0 months | ||
Grace Period (Months) | 0.0 months | 0.1 months | 0.2 months | ||
Total Cost of Credit | BOB 157.08 | BOB 1,400.33 | BOB 15,401.54 | ||
True Price by Comp | |||||
Interest price component | 14.4% | 19.1% | 18.1% | ||
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) | 14.4% | 19.1% | 18.1% | ||
Transparency Index | 100 | 76 | 80 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Key Statistics | |
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# 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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