Number borrowers | 659 |
Loan Amount (range) | PHP 2,000 - 150,000 |
Loan Term (range) | 2.6 |
Other Services (text summary) | Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Life insurance, Values Formation |
Annual Interest & Method | 40.0% annual, Flat |
Fees | 2.00% upfront |
Insurance | 30.00% upfront |
Tax | None |
Comp Dep | 50.00 ongoing |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 103.1% (Int+Fee) |
Insurance Component | 2.8% - 2.9% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 108.1% - 118.2% |
Transparency Index (min/max) | 31 - 39 |
Transparency Index (average) | 36 |
1,074 |
USD 50 - 5,000 |
4 - 36 |
Credit Ins |
29.0%-36.0% annual, Decl Bal |
None |
0.24%-2.16% ongoing |
None |
N/A |
19.1% - 36.0% |
0 |
0.6% - 0.9% |
0 |
30.9% - 35.7% |
52 - 95 |
77 |
Outstanding portfolio (PHP) | PHP 2,629,085 |
Portfolio (USD) | USD 62,896.77 |
Active Clients with Loans | 659 |
Approximate % Female Clients | 80% - 100% |
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 | x |
Credit insurance | x |
Workplace visits | x |
Business training | x |
Other training | |
Other | Life insurance, Values Formation |
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 | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (USD) | USD 758,509 |
Portfolio (USD) | USD 758,509 |
Active Clients with Loans | 1,074 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 60% - 80% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | |
Consumer loan | x |
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 | |
Must own a home or land | |
Must be a salaried worker | x |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 2 |
# Regions for this product | 2 |
Regions Active | Beni , Santa Cruz |
Currency | PHP |
Minimum loan size | PHP 2,000 |
Maximum loan size | 150,000 |
Shortest loan term | 2.6 months |
Longest loan term | 2.6 months |
Approx average | 2.6 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 | USD |
Minimum loan size | USD 50 |
Maximum loan size | 5,000 |
Loans less than USD 1,500 | 80% |
USD 1,500-5,000 | 20% |
USD 5,000-10,000 | 0 |
USD 10,000-15,000 | 0 |
USD 15,000-18,000 | 0 |
Greater than USD 18,000 | 0 |
Shortest loan term | 4.0 months |
Longest loan term | 36.0 months |
Approx average | 19.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 20% |
Between 13 and 18 months | 40% |
Longer than 18 months | 40% |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 3.33% |
Highest quoted nominal interest | 3.33% |
Interest rate period | Monthly |
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 | 2.00% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Credit Insurance |
% of loan amount - min | 30.00% |
% of loan amount - max | 30.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | |
Do borrowers control deposit in their group? |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | PHP 50 |
Conditions on access to deposit | When Leaving |
Minimum interest rate paid | 6.00% |
Maximum interest rate paid | 6.00% |
Interest payment frequency | Annually |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 29.00% |
Highest quoted nominal interest | 36.00% |
Reason(s) why interest rate varies | Loan Size, Client Risk, Collateral |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Ins 1 | |
---|---|
Description | Pago de seguro de desgravamen |
% of loan amount - min | 0.24% |
% of loan amount - max | 2.16% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Se aplica 0.06% en cada cuota cargado en el saldo pendiente del principal |
Appears on Repayment Sched? | 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 4,000 | PHP 10,000 | PHP 12,000 | PHP 20,000 | PHP 20,000 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2010-12-03 | 2011-06-23 | 2011-02-07 | 2011-07-07 | 2011-05-19 | ||||
Loan Term (Months) | 2.6 months | 2.6 months | 2.6 months | 2.6 months | 2.6 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 | 103.1% | 103.1% | 103.1% | 103.1% | 103.1% | ||||
Insurance Component | 2.8% | 2.8% | 2.8% | 2.8% | 2.8% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 12.4% | 4.7% | 3.9% | 2.3% | 2.3% | ||||
Full APR (int fee ins tax dep) | 118.2% | 110.5% | 109.7% | 108.1% | 108.1% | ||||
Transparency Index | 34 | 36 | 36 | 37 | 37 | ||||
Original Repayment Schedule | |||||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | USD 500 | USD 800 | USD 1,600 | USD 5,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2013-12-27 | 2013-12-27 | 2013-10-01 | 2013-10-01 | |||
Loan Term (Months) | 10.0 months | 19.0 months | 11.0 months | 30.0 months | |||
Grace Period (Months) | 0.3 months | 0.3 months | 0.5 months | 0.0 months | |||
Total Cost of Credit | USD 88.97 | USD 234.21 | USD 304.43 | USD 2,267.11 | |||
True Price by Comp | |||||||
Interest price component | 34.0% | 32.0% | 34.9% | 30.0% | |||
Fee Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Insurance Component | 0.7% | 0.8% | 0.8% | 0.9% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Full APR (int fee ins tax dep) | 34.7% | 32.8% | 35.7% | 30.9% | |||
Transparency Index | 66 | 70 | 81 | 94 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Key Statistics | |
---|---|
# 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 |
---|---|---|---|---|---|---|---|
X Axis | ||||||
---|---|---|---|---|---|---|
Greater than: | ||||||
Less or equal to: | ||||||
N (# of Samples) | ||||||
Total Borrrowers of Samples | ||||||
Avg | ||||||
Min | ||||||
Max | ||||||
Std Dev | ||||||
By Inst Type | ||||||
By Country | ||||||
X Axis | ||||||
---|---|---|---|---|---|---|
Greater than: | ||||||
Less or equal to: | ||||||
From 0 to | ||||||
to | ||||||
to | ||||||
to ∞ |