Cantilan Bank, Inc. (A Rural Bank) - PAG-UMA - Programang Agrikultura Alang Sa Mag-Uma Aron Mo Asenso - MFTransparency.org Truth In Lending Tables

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Institution

Cantilan Bank, Inc. (A Rural Bank) Orozco St., Brgy. MagosilomCantilan, Surigao del Sur8317

Data approved: 2011-11-15

Data version: 1

Age of data: 159 months

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Product

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Product Details

Key Statistics

Outstanding portfolio (PHP)	PHP 13,840,000
Portfolio (USD)	USD 331,100.48
Active Clients with Loans	1,493
Approximate % Female Clients	20% - 40%
Approximate % Urban Clients	0% - 20%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

A loan product for farmers to help them expand their present farming activities and increase their income.

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

Eligibility

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	x
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 3,000
Maximum loan size	150,000

Loan Term and Grace Period

Shortest loan term	3.0 months
Longest loan term	12.0 months
Approx average	6.0 months

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

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

Pricing Information

Interest

Lowest quoted nominal interest	30.00%
Highest quoted nominal interest	36.00%
Reason(s) why interest rate varies	Time as Client, Client Risk
Interest rate period	Yearly
Interest Rate Calculation Method	Flat
Subsidized by funder request?
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Service Charge
% of loan amount - min	0
% of loan amount - max	1.00%
OR, Fixed amount - min	200
Fixed amount - max	0
Reason for variation
Appears on Repayment Sched?	No

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Insurance
% of loan amount - min	0
% of loan amount - max	0
OR, Fixed amount - min	9.75
Fixed amount - max	495
Reason for variation	N/A
Appears on Repayment Sched?	No

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?	Yes
Do borrowers control deposit in their group?

Deposit BEFORE or AT Disbursement

% loan amount deposited	0
or, Fixed-amount deposited	PHP 100

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	PHP 5
Conditions on access to deposit	Access During

Interest Paid on Deposit

Minimum interest rate paid	2.00%
Maximum interest rate paid	2.00%
Interest payment frequency	Annually

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Additional Comments

Documentary Stamps = PhP1 per PhP2 loan

Full Pricing Data

PAG-UMA - Programang Agrikultura Alang Sa Mag-Uma Aron Mo Asenso samples

	Sample 1	Sample 2	Sample 3	Sample 4	Sample 5	Sample 6
Loan Amount	PHP 3,000	PHP 8,000	PHP 15,000	PHP 30,000	PHP 50,000	PHP 90,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2011-03-08	2011-04-28	2011-05-17	2011-07-19	2011-07-21	2011-05-15
Loan Term (Months)	6.0 months	6.0 months	6.0 months	12.0 months	6.0 months	6.0 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	94.4%	80.6%	61.1%	59.0%	71.4%	59.2%
Insurance Component	1.1%	2.5%	1.7%	0.6%	1.4%	1.9%
Tax Component	1.8%	1.1%	1.0%	1.0%	1.1%	0.9%
Deposit Component	7.5%	2.4%	0.9%	0.4%	0.3%	0.1%
Full APR (int fee ins tax dep)	104.9%	86.7%	64.8%	61.0%	74.3%	62.2%
Transparency Index	29	35	46	49	40	48

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

PAG-UMA - Programang Agrikultura Alang Sa Mag-Uma Aron Mo Asenso Price Graphs

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Key Statistics
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# 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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