Number borrowers | 131 |
Loan Amount (range) | PHP 10,000 - 150,000 |
Loan Term (range) | 6 |
Other Services (text summary) | Credit Ins, Formation Program, Provision of Social Services (medical mission, etc.) |
Annual Interest & Method | 32.0% annual, Flat |
Fees | 4.00% upfront |
Insurance | 6.52% upfront 370.00 upfront |
Tax | None |
Comp Dep | 5.00% ongoing |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 41.3% - 43.1% (Int+Fee) |
Insurance Component | 1.1% - 29.7% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 52.2% - 71.4% |
Transparency Index (min/max) | 23 - 61 |
Transparency Index (average) | 51 |
75 |
USD 50 - 50,000 |
3 - 60 |
Credit Ins, Tech Asst Visits |
15.0%-28.0% annual, Decl Bal |
1.00%-2.00% upfront |
0.24%-4.80% ongoing |
None |
N/A |
15.0% - 34.0% |
0.9% - 5.5% |
0.9% - 1.7% |
0 |
19.0% - 29.9% |
43 - 82 |
60 |
Outstanding portfolio (PHP) | PHP 4,400,000 |
Portfolio (USD) | USD 105,263.16 |
Active Clients with Loans | 131 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | x |
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 | Formation Program |
Other (2) | Provision of Social Services (medical mission, etc.) |
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 | Involved in palay production |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (USD) | USD 287,198 |
Portfolio (USD) | USD 287,198 |
Active Clients with Loans | 75 |
Approximate % Female Clients | 20% - 40% |
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 | x |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | |
Credit insurance | x |
Workplace visits | x |
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 | 7 |
# Regions for this product | 7 |
Regions Active | Chuquisaca , Cochabamba , La Paz , Oruro , Potosí, Santa Cruz, Tarija |
Currency | PHP |
Minimum loan size | PHP 10,000 |
Maximum loan size | 150,000 |
Shortest loan term | 6.0 months |
Longest loan term | 6.0 months |
Approx average | 6.0 months |
Grace period usage | 100% |
Average grace period | 6.0 months |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | x |
Irregular payments |
Currency | USD |
Minimum loan size | USD 50 |
Maximum loan size | 50,000 |
Loans less than USD 1,500 | 90% |
USD 1,500-5,000 | 10% |
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 | 3.0 months |
Longest loan term | 60.0 months |
Approx average | 31.5 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 5% |
Between 10 and 12 months | 15% |
Between 13 and 18 months | 20% |
Longer than 18 months | 60% |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | x |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | x |
Every 6 months | x |
Every 12 months | |
Single end payment | x |
Irregular payments | x |
Lowest quoted nominal interest | 32.00% |
Highest quoted nominal interest | 32.00% |
Interest rate period | Yearly |
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 | 4.00% |
% of loan amount - max | 4.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | No |
Ins 1 | Ins 2 | ||
---|---|---|---|
Description | Crop Insurance | Credit-Life Insurance | |
% of loan amount - min | 6.52% | 0 | |
% of loan amount - max | 6.52% | 0 | |
OR, Fixed amount - min | 0 | 370 | |
Fixed amount - max | 0 | 370 | |
Reason for variation | N/A | N/A | |
Appears on Repayment Sched? | No | 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 | 0 |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 5.00% |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | When Leaving |
Minimum interest rate paid | 5.00% |
Maximum interest rate paid | 5.00% |
Interest payment frequency | End Term |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 15.00% |
Highest quoted nominal interest | 28.00% |
Reason(s) why interest rate varies | Loan Size, Collateral, Loan Purpose |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Gastos Administrativos |
% of loan amount - min | 1.00% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Fee varies based on loan amount. |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Seguro de Desgravamen |
% of loan amount - min | 0.24% |
% of loan amount - max | 4.80% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Insurance fee is 0.08% per month, charged on the total disbursed amount for loans 3,000 USD and below, and charged on the oustanding princpal balalnce only for loans above 3,000 USD. |
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 20,000 | PHP 30,000 | PHP 70,000 | PHP 100,000 | PHP 115,000 | ||||
Loan Cycle (1, 2, 3, etc) | 4 | 1 | 4 | 2 | 1 | ||||
Disbursement Date | 2011-06-07 | 2011-07-22 | 2011-04-05 | 2011-04-26 | 2010-09-20 | ||||
Loan Term (Months) | 6.0 months | 6.0 months | 5.0 months | 5.0 months | 5.0 months | ||||
Grace Period (Months) | 6.0 months | 0.0 months | 5.0 months | 5.0 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 | 41.6% | 41.3% | 43.1% | 43.1% | 43.1% | ||||
Insurance Component | 29.7% | 26.4% | 9.3% | 9.1% | 28.3% | ||||
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) | 71.3% | 67.8% | 52.5% | 52.2% | 71.4% | ||||
Transparency Index | 45 | 47 | 61 | 61 | 45 | ||||
Original Repayment Schedule | |||||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | USD 500 | USD 3,000 | USD 4,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2014-03-06 | 2014-03-06 | 2014-04-01 | ||
Loan Term (Months) | 10.0 months | 25.0 months | 37.0 months | ||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | USD 44.06 | USD 931 | USD 1,845.87 | ||
True Price by Comp | |||||
Interest price component | 15.0% | 25.0% | 27.6% | ||
Fee Component | 2.3% | 1.7% | 1.3% | ||
Insurance Component | 1.7% | 1.6% | 1.0% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 19.0% | 28.3% | 29.9% | ||
Transparency Index | 79 | 53 | 50 | ||
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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