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 |
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 |
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 |
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 |
Institution Type | Non-Governmental Organization |
Is this institution regulated? | No |
Website address | http://www.fondeco.org/ |
Year established | 1995 |
Head of Institution | MarĂa Eugenia Moscoso |
Regions active | Beni , Chuquisaca , Cochabamba , La Paz , Santa Cruz, Tarija |
# Branches | 17 |
Total Portfolio (nat'l) | BOB 165,584,807 |
Total Portfolio (USD) | USD 24,531,082.52 |
Active clients with loans | 14,200 |
Approximate % female clients | 60% - 80% |
Approximate % urban clients | 20% - 40% |
Network affiliations | INAFI, Grameen, FINRURAL |
Funders |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Fondos Comunales | BOB 500 - 15,000 | 1 - 12 | 60% - 80% | 40% - 60% | Any Purpose | Women, Men, Cada grupo deber estar compuesto por al menos 75% de mujeres | Credit Educ, Group Mtgs, Credit Ins, Other Training | |||||||
Microcredito - USD | USD 500 - 105,000 | 3 - 60 | 0% - 20% | 0% - 20% | Business, Agriculture, Housing, Consumer | Women, Men | Credit Ins | |||||||
Microcredito - BOB | BOB 3,500 - 735,000 | 3 - 84 | 0% - 20% | 0% - 20% | Business, Agriculture, Housing, Consumer, Education | Women, Men | Credit Ins |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Fondos Comunales | 27.0%-32.0% annual, Decl Bal | 1 Fee | 0 Ins | None | 10.0%-15.0% upfront 15.00% ongoing | 34.5% - 36.2% | 41.6% - 55.9% | 56 | ||||||||
Microcredito - USD | 13.0%-36.0% annual, Decl Bal | 1 Fee | 1 Ins | 15.00% Principal | N/A | 25.3% - 28.7% | 26% - 29.3% | 47 | ||||||||
Microcredito - BOB | 13.0%-36.0% annual, Decl Bal | 1 Fee | 1 Ins | None | N/A | 16.2% - 25.1% | 16.3% - 25.7% | 62 |
Key Statistics | |
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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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