Institution Type | Credit Union / Cooperative |
Is this institution regulated? | Yes |
Website address | http://www.caritas.org.ph/ |
Year established | 2006 |
Head of Institution | Fr. Mario Castillo CM |
Regions active | |
# Branches | 19 |
Total Portfolio (nat'l) | PhP 57,042,219.37 |
Total Portfolio (USD) | USD 1,364,646.40 |
Active clients with loans | 12,142 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 80% - 100% |
Network affiliations | Caritas Manila/United Church Cooperative, Metro South Cooperative Bank, Vincentian Family Multi-Purpose Cooperative, Caritas et labora Human Resource Cooperative |
Funders | Caritas Manila, Radyo Veritas, Bahay Pari MPC |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Regular Loan - 11 weeks | PHP 2,000 - 150,000 | 2.6 | 80% - 100% | 80% - 100% | Business | Women, Men, Have business | Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Life insurance, Values Formation | |||||||
Regular Loan - 15 weeks | PHP 2,000 - 150,000 | 3.5 | 80% - 100% | 80% - 100% | Business | Women, Men, Have business | Group Mtgs, Credit Ins, Tech Asst Visits, Business Training | |||||||
Regular Loan - 23 weeks | PHP 2,000 - 150,000 | 5.3 | 80% - 100% | 60% - 80% | Business | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Life insurance, Values Formation, Marketing Assistance, Business Development |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Regular Loan - 11 weeks | 40.0% annual, Flat | 1 Fee | 1 Ins | None | 50.00 ongoing | 103.1% | 108.1% - 118.2% | 36 | ||||||||
Regular Loan - 15 weeks | 37.6% annual, Flat | 1 Fee | 1 Ins | None | 50.00 ongoing | 92.6% | 96.4% - 111.7% | 37 | ||||||||
Regular Loan - 23 weeks | 30.0% annual, Flat | 1 Fee | 1 Ins | None | 50.00 ongoing | 71.8% | 77.5% - 96.2% | 36 |
Outstanding portfolio (PKR) | PKR 27,901,546 |
Portfolio (USD) | USD 273,993.18 |
Active Clients with Loans | 1,965 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 60% - 80% |
Individual | |
Solidarity group | x |
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 | |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | x |
Men | x |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 2 |
# Regions for this product | 2 |
Regions Active | Punjab, Sindh |
Currency | PKR |
Minimum loan size | PKR 10,000 |
Maximum loan size | 50,000 |
Loans less than PKR 10,000 | 10% |
PKR 10,000-25,000 | 60% |
PKR 25,000-50,000 | 30% |
PKR 50,000-75,000 | 0 |
PKR 75,000-150,000 | 0 |
Greater than PKR 150,000 | 0 |
Shortest loan term | 12.0 months |
Longest loan term | 12.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 100% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
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 | 12.00% |
Highest quoted nominal interest | 12.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | 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 |
Loan Amount |
Type of Sample |
Disbursement Date |
Loan Term (Months) |
Grace Period (Months) |
Total Cost of Credit |
Full APR (int fee ins tax dep) |
True Price by Component |
Transparency Index |
Original Repayment Schedule |
MFT Pricing Calculation |
||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Interest price component |
Fee Component |
Insurance Component |
Tax Component |
Deposit Component |
||||||||||
PKR 10,000 | Generated | 2015-05-01 | 12.0 months | N/A | PKR 1,196.71 | 21.3% | 21.3% | 0.0% | 0.0% | 0.0% | 0.0% | 56 | - | |
PKR 15,000 | Generated | 2015-05-01 | 12.0 months | N/A | PKR 1,795.07 | 21.3% | 21.3% | 0.0% | 0.0% | 0.0% | 0.0% | 56 | - | |
PKR 18,000 | Generated | 2015-05-01 | 12.0 months | N/A | PKR 2,154.08 | 21.3% | 21.3% | 0.0% | 0.0% | 0.0% | 0.0% | 56 | - | |
PKR 20,000 | Generated | 2015-05-01 | 12.0 months | N/A | PKR 2,393.42 | 21.3% | 21.3% | 0.0% | 0.0% | 0.0% | 0.0% | 56 | - | |
PKR 22,000 | Generated | 2015-05-01 | 12.0 months | N/A | PKR 2,632.77 | 21.3% | 21.3% | 0.0% | 0.0% | 0.0% | 0.0% | 56 | - | |
PKR 25,000 | Generated | 2015-05-01 | 12.0 months | N/A | PKR 2,991.78 | 21.3% | 21.3% | 0.0% | 0.0% | 0.0% | 0.0% | 56 | - | |
PKR 35,000 | Generated | 2015-05-01 | 12.0 months | N/A | PKR 4,188.49 | 21.3% | 21.3% | 0.0% | 0.0% | 0.0% | 0.0% | 56 | - | |
PKR 45,000 | Generated | 2015-05-01 | 12.0 months | N/A | PKR 5,385.21 | 21.3% | 21.3% | 0.0% | 0.0% | 0.0% | 0.0% | 56 | - |
Key Statistics | |
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% Products using declining balance | |
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% Products with one or more insurances | |
% Products with compulsory deposits |
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