| Institution Type | Non-Governmental Organization |
| Is this institution regulated? | No |
| Website address | N/A |
| Year established | 1995 |
| Head of Institution | Susan Layug |
| Regions active | |
| # Branches | 14 |
| Total Portfolio (nat'l) | PhP 153,670,019 |
| Total Portfolio (USD) | USD 3,676,316.24 |
| Active clients with loans | 59,311 |
| Approximate % female clients | 60% - 80% |
| Approximate % urban clients | 80% - 100% |
| Network affiliations | APPEND |
| Funders |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Agriculture Loan | PHP 10,000 - 150,000 | 6 | 0% - 20% | 0% - 20% | Business | Women, Men, Involved in palay production | Credit Ins, Formation Program, Provision of Social Services (medical mission, etc.) | |||||||
| Group Loan | PHP 5,000 - 50,000 | 6 | 80% - 100% | 80% - 100% | Business | Women, Men, Have business | Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Formation Program, Provision of Social Services (medical mission, etc.) | |||||||
| Individual Loan | PHP 10,000 - 150,000 | 6 | 80% - 100% | 80% - 100% | Business | Women, Men, Have business | Credit Ins, Business Training, Formation Program, Provision of Social Services (medical mission, etc.) |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Agriculture Loan | 32.0% annual, Flat | 1 Fee | 2 Ins | None | 5.00% ongoing | 41.3% - 43.1% | 52.2% - 71.4% | 51 | ||||||||
| Group Loan | 32.0% annual, Flat | 2 Fees | 1 Ins | None | 5.0% upfront 50.00 ongoing | 83.1% | 101% - 122.1% | 29 | ||||||||
| Individual Loan | 32.0% annual, Flat | 2 Fees | 1 Ins | None | 5.0% upfront 50.00 ongoing | 81.4% - 88.1% | 93.9% - 137.1% | 29 |
| Outstanding portfolio (PKR) | PKR 13,858,014 |
| Portfolio (USD) | USD 141,408.31 |
| Active Clients with Loans | 774 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 0 |
| 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 | |
| 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 | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | 1 |
| # Regions for this product | 1 |
| Regions Active | Punjab |
| Currency | PKR |
| Minimum loan size | PKR 10,000 |
| Maximum loan size | 70,000 |
| Loans less than PKR 10,000 | 5% |
| PKR 10,000-25,000 | 40% |
| PKR 25,000-50,000 | 50% |
| PKR 50,000-75,000 | 5% |
| PKR 75,000-150,000 | 0 |
| Greater than PKR 150,000 | 0 |
| Shortest loan term | 12.0 months |
| Longest loan term | 12.0 months |
| Approx average | 12.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 100% |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 0 |
| 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 | 21.00% |
| Highest quoted nominal interest | 24.00% |
| Reason(s) why interest rate varies | Time as Client |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Agreement Fee |
| % of loan amount - min | 3.00% |
| % of loan amount - max | 3.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| 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 | PKR 10,000 | PKR 25,000 | PKR 50,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2014-02-28 | 2014-01-27 | 2014-02-18 | ||
| Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | ||
| Grace Period (Months) | -0.1 months | 0.0 months | -0.1 months | ||
| Total Cost of Credit | PKR 2,300 | PKR 5,750 | PKR 11,500 | ||
| True Price by Comp | |||||
| Interest price component | 34.9% | 34.7% | 34.9% | ||
| Fee Component | 6.0% | 6.0% | 6.0% | ||
| Insurance Component | 0.0% | 0.0% | 0.0% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 40.9% | 40.7% | 40.9% | ||
| Transparency Index | N/A | N/A | N/A | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Key Statistics | |
|---|---|
| # Samples: | |
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| # 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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