| Number borrowers | 58,881 |
| Loan Amount (range) | PHP 5,000 - 50,000 |
| Loan Term (range) | 6 |
| Other Services (text summary) | Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Formation Program, Provision of Social Services (medical mission, etc.) |
| Annual Interest & Method | 32.0% annual, Flat |
| Fees | 4.00% upfront 10.00% ongoing |
| Insurance | 185.00 upfront |
| Tax | None |
| Comp Dep | 5.0% upfront 50.00 ongoing |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 83.1% (Int+Fee) |
| Insurance Component | 1.1% - 29.7% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 101.0% - 122.1% |
| Transparency Index (min/max) | 23 - 61 |
| Transparency Index (average) | 29 |
| 564 |
| USD 1,000 - 37,500 |
| 12 - 180 |
| 18.0%-24.0% annual, Decl Bal |
| 30.00-150.00 upfront |
| 50.00-100.00 ongoing |
| None |
| N/A |
| 17.9% - 23.9% |
| 0.4% - 2.3% |
| 0 - 4.3% |
| 0 |
| 22.0% - 30.5% |
| 59 - 82 |
| 70 |
| Outstanding portfolio (PHP) | PHP 146,251,900 |
| Portfolio (USD) | USD 3,498,849.28 |
| Active Clients with Loans | 58,881 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 80% - 100% |
| 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 | x |
| Credit insurance | x |
| Workplace visits | x |
| Business training | x |
| 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 | 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 5,819,783 |
| Portfolio (USD) | USD 5,819,783 |
| Active Clients with Loans | 564 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 80% - 100% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | |
| Mortgage/housing | x |
| 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 | 4 |
| # Regions for this product | 4 |
| Regions Active | Battambang, Kandal, Phnom PenhSiem Reap |
| Currency | PHP |
| Minimum loan size | PHP 5,000 |
| Maximum loan size | 50,000 |
| Shortest loan term | 6.0 months |
| Longest loan term | 6.0 months |
| Approx average | 6.0 months |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | x |
| Every 2 weeks | x |
| 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 1,000 |
| Maximum loan size | 37,500 |
| Shortest loan term | 12.0 months |
| Longest loan term | 180.0 months |
| Approx average | 120.0 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 | 10% |
| Longer than 18 months | 90% |
| Grace period usage | 0 |
| Average grace period | 3.0 months |
| Daily | |
| Weekly | |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| 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? | Yes |
| Fee 1 | |
|---|---|
| Description | Loan Liquidity Fund |
| % of loan amount - min | 10.00% |
| % of loan amount - max | 10.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
| Ins 1 | |
|---|---|
| Description | Credit-Life Insurance |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 185 |
| Fixed amount - max | 185 |
| 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 | 5.00% |
| 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 | 5.00% |
| Maximum interest rate paid | 5.00% |
| Interest payment frequency | End Term |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 1.50% |
| Highest quoted nominal interest | 2.00% |
| Reason(s) why interest rate varies | Loan Size, Loan Purpose |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | No |
| Fee 1 | |
|---|---|
| Description | Processing Fee |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 30 |
| Fixed amount - max | 150 |
| Reason for variation | Depends on loan purpose. Home Improvement = $30 min-1.5% max. Home Loan = $150 min-1.5% max |
| Appears on Repayment Sched? | Yes |
| Ins 1 | |
|---|---|
| Description | Annual Fire & Personal Accident Fee |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 50 |
| Fixed amount - max | 100 |
| Reason for variation | Depends on condition of house |
| 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 7,000 | PHP 15,000 | PHP 30,000 | ||
| Loan Cycle (1, 2, 3, etc) | 3 | 3 | 3 | ||
| Disbursement Date | 2011-06-15 | 2011-06-17 | 2011-06-17 | ||
| Loan Term (Months) | 6.0 months | 6.0 months | 6.0 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 | 83.1% | 83.1% | 83.1% | ||
| Insurance Component | 11.6% | 5.4% | 2.7% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 27.4% | 20.1% | 15.2% | ||
| Full APR (int fee ins tax dep) | 122.1% | 108.5% | 101.0% | ||
| Transparency Index | 26 | 29 | 32 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | USD 1,000 | USD 1,997.21 | USD 2,500 | USD 4,000 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
| Disbursement Date | 2012-08-12 | 2012-10-26 | 2012-11-10 | 2012-06-05 | |||
| Loan Term (Months) | 35.0 months | 114.0 months | 115.0 months | 50.0 months | |||
| Grace Period (Months) | -0.3 months | -0.2 months | 0.0 months | 0.2 months | |||
| Total Cost of Credit | USD 498.85 | USD 3,547.31 | USD 3,844.22 | USD 2,033.38 | |||
| True Price by Comp | |||||||
| Interest price component | 23.9% | 23.8% | 23.8% | 17.9% | |||
| Fee Component | 2.3% | 0.5% | 0.4% | 2.1% | |||
| Insurance Component | 4.3% | 3.1% | 0.0% | 2.0% | |||
| 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) | 30.5% | 27.4% | 24.2% | 22.0% | |||
| Transparency Index | 59 | 66 | 75 | 82 | |||
| 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 |
|---|---|---|---|---|---|---|---|
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