2. CBI
Please note that the information you are viewing is 157 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. BIMAS
Please note that the information you are viewing is 139 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

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: 157 months

Institution

Business Initiative and Management Assistance Services (BIMAS) 2299 EmbuKenya60100
Data approved: 2010-09-14
Data version: 1
Age of data: -   months 
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Product

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Product

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Product Summary

Number borrowers1,493
Loan Amount (range)PHP 3,000 - 150,000
Loan Term (range)3 - 12
Other Services (text summary)Credit Ins, Business Training
Annual Interest & Method30.0%-36.0% annual, Flat
Fees200.00-0.00 upfront
Insurance9.75-495.00 upfront
TaxNone
Comp Dep100.00 upfront 5.00 ongoing
Range of pricing 
Interest Price ComponentN/A
Fee Component59.0% - 94.4% (Int+Fee)
Insurance Component0.6% - 5.1%
Tax Component Range0 - 5.2%
Full APR (int fee ins tax dep)61.0% - 104.9%
Transparency Index (min/max)21 - 55
Transparency Index (average)41

Product Summary

242
KES 50,000 - 2,000,000
3 - 18
Credit Educ, Group Mtgs, Credit Ins, Business Training
17.0% annual, Flat
100.00 upfront
4.50% upfront
None
4,000.00 upfront 200.00 ongoing
 
0
N/A

Product Details

Key Statistics
Outstanding portfolio (PHP)PHP 13,840,000
Portfolio (USD)USD 331,100.48
Active Clients with Loans1,493
Approximate % Female Clients20% - 40%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
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 generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or landx
Must be a salaried worker
Must be specific age groupx
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Product Details

Key Statistics
Outstanding portfolio (KES)KES 11,992,771
Portfolio (USD)USD 144,840.23
Active Clients with Loans242
Approximate % Female Clients40% - 60%
Approximate % Urban Clients40% - 60%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
For advancing entrepreneurs with grown businesses that can command a stock of Ksh 250,000 and above.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business trainingx
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyPHP
Minimum loan sizePHP 3,000
Maximum loan size150,000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term12.0 months
Approx average6.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeksx
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular paymentsx

Loan Conditions

Loan Amount
CurrencyKES
Minimum loan sizeKES 50,000
Maximum loan size2,000,000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term18.0 months
Approx average12.0 months
Grace Period
Grace period usage100%
Average grace period0.5 months
Repayment Frequency
Daily
Weeklyx
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest30.00%
Highest quoted nominal interest36.00%
Reason(s) why interest rate variesTime as Client, Client Risk
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionService Charge
% of loan amount - min0
% of loan amount - max1.00%
OR, Fixed amount - min200
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min9.75
Fixed amount - max495
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited0
or, Fixed-amount depositedPHP 100
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedPHP 5
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paid2.00%
Maximum interest rate paid2.00%
Interest payment frequencyAnnually
Taxes
Are taxes charged on this product?No
Additional Comments
Documentary Stamps = PhP1 per PhP2 loan

Pricing Information

Interest
Lowest quoted nominal interest17.00%
Highest quoted nominal interest17.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?N/A
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionPassbook Fee
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min100
Fixed amount - max100
Reason for variation
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionLoan Application and Insurance
% of loan amount - min4.50%
% of loan amount - max4.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited0
or, Fixed-amount depositedKES 4,000 - N/A
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedKES 200 - N/A
Conditions on access to depositFinal Pmt
Interest Paid on Deposit
Minimum interest rate paid0.33%
Maximum interest rate paid0.50%
Interest payment frequencyMonthly
Taxes
Are taxes charged on this product?No
Additional Comments
For the first loan in this category, the savings requirement is fixed at Ksh 4,. Subsequent loans , savings requirement is 25% of loan amount.

Full Pricing Data

PAG-UMA - Programang Agrikultura Alang Sa Mag-Uma Aron Mo Asenso samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountPHP 3,000PHP 8,000PHP 15,000PHP 30,000PHP 50,000PHP 90,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2011-03-082011-04-282011-05-172011-07-192011-07-212011-05-15
Loan Term (Months)6.0 months6.0 months6.0 months12.0 months6.0 months6.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot KnownNot KnownNot Known
True Price by Comp           
Interest and Fee Component94.4%80.6%61.1%59.0%71.4%59.2%
Insurance Component1.1%2.5%1.7%0.6%1.4%1.9%
Tax Component1.8%1.1%1.0%1.0%1.1%0.9%
Deposit Component7.5%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 Index293546494048
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF

Full Pricing Data

Imarika Loan samples
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