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 |
13,784 |
USD 2,501 - 10,000 |
3 - 36 |
21.6%-30.0% annual, Decl Bal |
None |
None |
None |
N/A |
21.4% - 34.8% |
0 |
0 |
0 |
21.4% - 26.5% |
70 - 101 |
92 |
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 45,241,769.30 |
Portfolio (USD) | USD 45,241,769.30 |
Active Clients with Loans | 13,784 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 60% - 80% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | x |
Consumer loan | x |
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 | x |
Must own a home or land | x |
Must be a salaried worker | x |
Must be specific age group | x |
Other | |
Other (2) |
# Regions for this institution | 24 |
# Regions for this product | 24 |
Regions Active | Banteay Meanchey, Battambang, Kampong Cham, Kampong Chhnang, Kampong Speu, Kampong Thom, Kampot, Kandal, Koh Kong, KepKratié, Mondulkiri , Oddar Meancheay, Pailin, Phnom Penh, Sihanoukville, Preah Vihear, Pursat, Prey Veng, RatanakiriSiem Reap, Stung Treng, Svay Rieng, Takéo |
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 2,501 |
Maximum loan size | 10,000 |
Shortest loan term | 3.0 months |
Longest loan term | 36.0 months |
Approx average | 19.5 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 20% |
Between 7 and 9 months | 20% |
Between 10 and 12 months | 20% |
Between 13 and 18 months | 20% |
Longer than 18 months | 20% |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | x |
Every 6 months | x |
Every 12 months | |
Single end payment | |
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? | 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 | 1.80% |
Highest quoted nominal interest | 2.50% |
Reason(s) why interest rate varies | Branch, Time as Client, Loan Size, Client Risk, Collateral, Loan Purpose, High credit risk level = higher interest rate |
Interest rate period | Monthly |
Interest Rate Calculation Method | Decl Bal |
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 |
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 2,300 | USD 2,300 | USD 3,000 | USD 3,100 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2013-05-06 | 2013-03-22 | 2013-05-23 | 2013-05-23 | |||
Loan Term (Months) | 24.0 months | 24.0 months | 30.0 months | 24.0 months | |||
Grace Period (Months) | 0.0 months | -0.1 months | -0.4 months | -0.2 months | |||
Total Cost of Credit | USD 552.12 | USD 637.80 | USD 873.99 | USD 687.24 | |||
True Price by Comp | |||||||
Interest price component | 22.9% | 26.5% | 22.9% | 21.4% | |||
Fee Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
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) | 22.9% | 26.5% | 22.9% | 21.4% | |||
Transparency Index | 94 | 82 | 94 | 100 | |||
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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