Number borrowers | 1,493 |
Loan Amount (range) | PHP 3,000 - 150,000 |
Loan Term (range) | 3 - 12 |
Other Services (text summary) | Credit Ins, Business Training |
Annual Interest & Method | 30.0%-36.0% annual, Flat |
Fees | 200.00-0.00 upfront |
Insurance | 9.75-495.00 upfront |
Tax | None |
Comp Dep | 100.00 upfront 5.00 ongoing |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 59.0% - 94.4% (Int+Fee) |
Insurance Component | 0.6% - 5.1% |
Tax Component Range | 0 - 5.2% |
Full APR (int fee ins tax dep) | 61.0% - 104.9% |
Transparency Index (min/max) | 21 - 55 |
Transparency Index (average) | 41 |
502 |
BOB 400 - 160,000 |
37 - 60 |
Credit Ins |
12.0%-18.0% annual, Decl Bal |
None |
None |
None |
N/A |
7.8% - 28.0% |
0 |
0 |
0 |
15.3% - 17.8% |
52 - 101 |
74 |
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% |
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 | x |
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 | x |
Other | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (BOB) | BOB 41,986,779.83 |
Portfolio (USD) | USD 6,220,263.68 |
Active Clients with Loans | 502 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 80% - 100% |
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 | |
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 | x |
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 3,000 |
Maximum loan size | 150,000 |
Shortest loan term | 3.0 months |
Longest loan term | 12.0 months |
Approx average | 6.0 months |
Grace period usage | 0 |
Average grace period | 0 |
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 |
Currency | BOB |
Minimum loan size | BOB 400 |
Maximum loan size | 160,000 |
Loans less than BOB 10,000 | 0 |
BOB 10,000-40,000 | 20% |
BOB 40,000-70,000 | 20% |
BOB 70,000-100,000 | 20% |
BOB 100,000-125,000 | 10% |
Greater than BOB 125,000 | 10% |
Shortest loan term | 37.0 months |
Longest loan term | 60.0 months |
Approx average | 64.0 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 | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | x |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
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 |
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 |
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 |
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 100 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | PHP 5 |
Conditions on access to deposit | Access During |
Minimum interest rate paid | 2.00% |
Maximum interest rate paid | 2.00% |
Interest payment frequency | Annually |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 12.00% |
Highest quoted nominal interest | 18.00% |
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 | 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 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 | |||||||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | BOB 62,000 | BOB 137,200 | BOB 120,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-02-21 | 2013-12-05 | 2014-04-07 | ||
Loan Term (Months) | 49.0 months | 122.0 months | 61.0 months | ||
Grace Period (Months) | 0.8 months | 0.1 months | 0.0 months | ||
Total Cost of Credit | BOB 20,103.73 | BOB 134,770.45 | BOB 54,900 | ||
True Price by Comp | |||||
Interest price component | 15.3% | 15.5% | 17.8% | ||
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) | 15.3% | 15.5% | 17.8% | ||
Transparency Index | 79 | 77 | 67 | ||
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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