Number borrowers | 15,000 |
Loan Amount (range) | PHP 2,000 - 20,000 |
Loan Term (range) | 5 |
Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Business Training |
Annual Interest & Method | 30.0% annual, Flat |
Fees | 4.00% upfront 5.00 ongoing |
Insurance | 50.00 upfront |
Tax | None |
Comp Dep | 20.0% upfront 50.00 ongoing |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 39.5% - 45.7% (Int+Fee) |
Insurance Component | 0.9% - 44.8% |
Tax Component Range | 0.0% - 0 |
Full APR (int fee ins tax dep) | 61.5% - 79.0% |
Transparency Index (min/max) | 15 - 49 |
Transparency Index (average) | 44 |
4,344 |
BOB 16,000 - 350,000 |
3 - 244 |
Credit Ins |
18.0%-27.5% annual, Decl Bal |
None |
1.93%-2.60% ongoing |
None |
N/A |
12.1% - 27.6% |
0 |
0.2% - 2.1% |
0 |
19.0% - 27.8% |
8 - 1062 |
100 |
Outstanding portfolio (PHP) | PHP 91,000,000 |
Portfolio (USD) | USD 2,177,033.49 |
Active Clients with Loans | 15,000 |
Approximate % Female Clients | 40% - 60% |
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 | x |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
Business training | x |
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 | |
Must be specific age group | |
Other | Farmer |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (BOB) | BOB 427,064,738 |
Portfolio (USD) | USD 63,268,850.07 |
Active Clients with Loans | 4,344 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 60% - 80% |
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 | |
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 | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 6 |
# Regions for this product | 6 |
Regions Active | Chuquisaca , Cochabamba , La Paz , Oruro , Santa Cruz, Tarija |
Currency | PHP |
Minimum loan size | PHP 2,000 |
Maximum loan size | 20,000 |
Shortest loan term | 5.0 months |
Longest loan term | 5.0 months |
Approx average | 5.0 months |
Grace period usage | 100% |
Average grace period | 2.0 months |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | x |
Irregular payments | x |
Currency | BOB |
Minimum loan size | BOB 16,000 |
Maximum loan size | 350,000 |
Loans less than BOB 10,000 | 0 |
BOB 10,000-40,000 | 20% |
BOB 40,000-70,000 | 40% |
BOB 70,000-100,000 | 10% |
BOB 100,000-125,000 | 15% |
Greater than BOB 125,000 | 15% |
Shortest loan term | 3.0 months |
Longest loan term | 244.0 months |
Approx average | 58.0 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 | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 2.50% |
Highest quoted nominal interest | 2.50% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Loan Fee |
% of loan amount - min | 4.00% |
% of loan amount - max | 4.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | Yes |
Fee 1 | |
---|---|
Description | Client Training Fund |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 5 |
Fixed amount - max | 5 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | TASAKA |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 50 |
Fixed amount - max | 50 |
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 | 20.00% |
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 | 3.00% |
Maximum interest rate paid | 3.00% |
Interest payment frequency | End Term |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 1.50% |
Highest quoted nominal interest | 2.29% |
Reason(s) why interest rate varies | Collateral |
Interest rate period | Monthly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | No |
Ins 1 | |
---|---|
Description | Seguro de desgravamen |
% of loan amount - min | 1.93% |
% of loan amount - max | 2.60% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | La comisión es 0.07% mensual que aplica al saldo del principal del préstamo pendiente. |
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 | |||
---|---|---|---|---|---|
Loan Amount | PHP 8,000 | PHP 6,000 | PHP 14,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2011-05-11 | 2011-05-31 | 40694 | ||
Loan Term (Months) | 5.0 months | 5.0 months | 5.0 months | ||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | Not Known | Not Known | Not Known | ||
True Price by Comp | |||||
Interest and Fee Component | 45.7% | 39.5% | 39.5% | ||
Insurance Component | 10.6% | 21.6% | 8.8% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 8.5% | 17.9% | 13.2% | ||
Full APR (int fee ins tax dep) | 64.7% | 79.0% | 61.5% | ||
Transparency Index | 46 | 38 | 49 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | |||||
---|---|---|---|---|---|---|---|---|---|
Loan Amount | BOB 43,000 | BOB 67,000 | BOB 80,000 | BOB 110,000 | BOB 135,000 | ||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | ||||
Disbursement Date | 2014-01-08 | 2014-01-08 | 2013-09-18 | 2014-01-08 | 2014-01-08 | ||||
Loan Term (Months) | 60.0 months | 60.0 months | 48.0 months | 60.0 months | 60.0 months | ||||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | 0.0 months | ||||
Total Cost of Credit | BOB 25,699.70 | BOB 53,891.98 | BOB 38,400.32 | BOB 60,284.28 | BOB 95,493.38 | ||||
True Price by Comp | |||||||||
Interest price component | 19.6% | 25.6% | 20.1% | 18.1% | 27.6% | ||||
Fee Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Insurance Component | 0.9% | 0.8% | 0.9% | 0.9% | 0.2% | ||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | ||||
Full APR (int fee ins tax dep) | 20.5% | 26.4% | 21.0% | 19.0% | 27.8% | ||||
Transparency Index | 100 | 100 | 100 | 100 | 65 | ||||
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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