Number borrowers | 19,500 |
Loan Amount (range) | PHP 2,000 - 30,000 |
Loan Term (range) | 4 - 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 | 79.7% - 88.1% (Int+Fee) |
Insurance Component | 0.9% - 44.8% |
Tax Component Range | 0.0% - 0 |
Full APR (int fee ins tax dep) | 142.3% - 200.9% |
Transparency Index (min/max) | 15 - 49 |
Transparency Index (average) | 17 |
Outstanding portfolio (PHP) | PHP 119,000,000 |
Portfolio (USD) | USD 2,846,889.95 |
Active Clients with Loans | 19,500 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 20% - 40% |
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 | 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 | x |
Must own a home or land | |
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 |
Outstanding portfolio (BOB) | BOB 132,490.62 |
Portfolio (USD) | USD 19,628.24 |
Active Clients with Loans | 20 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 0% - 20% |
Any purpose | |
Income generation | |
Mortgage/housing | x |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
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 | Buenos antecedentes personales y crediticios. Actividad económica y financieramente viable. |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | PHP |
Minimum loan size | PHP 2,000 |
Maximum loan size | 30,000 |
Shortest loan term | 4.0 months |
Longest loan term | 5.0 months |
Approx average | 0 |
Grace period usage | 100% |
Average grace period | 0.5 months |
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 |
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? | Yes |
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 | Access During |
Minimum interest rate paid | 3.00% |
Maximum interest rate paid | 3.00% |
Interest payment frequency | End Term |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | PHP 3,000 | PHP 16,000 | PHP 7,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2011-06-16 | 40718 | 2011-06-17 | ||
Loan Term (Months) | 5.0 months | 20.0 months | 5.0 months | ||
Grace Period (Months) | 2.0 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 | 88.1% | 79.7% | 83.3% | ||
Insurance Component | 44.8% | 14.1% | 33.3% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 68.0% | 48.5% | 61.2% | ||
Full APR (int fee ins tax dep) | 200.9% | 142.3% | 177.8% | ||
Transparency Index | 15 | 21 | 17 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Key Statistics | |
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# Borrowers | |
Loan Portfolio (USD) | |
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% Products with one or more fee | |
% Products with one or more insurances | |
% Products with compulsory deposits |
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