Outstanding portfolio (PHP) | PHP 2,952,852 |
Portfolio (USD) | USD 70,642.39 |
Active Clients with Loans | 110 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 0% - 20% |
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 | Leasing or purchase of agricultural equipment |
Other (2) | Purchase of carabao |
Credit education | |
Group meetings | x |
Credit insurance | x |
Workplace visits | x |
Business training | |
Other training | x |
Other | Sustainable Agriculture practices (organic farming) |
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 | Farmer-client who are at least on their 3rd cycle up |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | PHP |
Minimum loan size | PHP 10,000 |
Maximum loan size | 100,000 |
Shortest loan term | 24.0 months |
Longest loan term | 24.0 months |
Approx average | 24.0 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 | |
Irregular payments | x |
Lowest quoted nominal interest | 2.00% |
Highest quoted nominal interest | 2.50% |
Reason(s) why interest rate varies | Time as Client |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Processing 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 | |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Enhanced Credit Security |
% 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/N |
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 | 0 |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 10.00% |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | When Leaving |
Minimum interest rate paid | 2.00% |
Maximum interest rate paid | 2.00% |
Interest payment frequency | Annually |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | PHP 12,800 | PHP 28,000 | PHP 32,480 | PHP 45,000 | |||
Loan Cycle (1, 2, 3, etc) | 1 | 3 | 3 | 3 | |||
Disbursement Date | 2011-07-04 | 2011-02-22 | 2011-05-19 | 2011-03-03 | |||
Loan Term (Months) | 24.0 months | 24.0 months | 24.0 months | 24.0 months | |||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||
Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | |||
True Price by Comp | |||||||
Interest and Fee Component | 46.9% | 47.1% | 46.9% | 46.9% | |||
Insurance Component | 3.5% | 3.5% | 3.5% | 3.5% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 2.1% | 2.2% | 2.8% | 2.1% | |||
Full APR (int fee ins tax dep) | 52.5% | 52.8% | 53.2% | 52.5% | |||
Transparency Index | 46 | 45 | 45 | 46 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Institution | # Borrowers | Portfolio (US$) | Products | Age of Data |
---|---|---|---|---|
AgroCapital | 21,900 | 16,894,000 | 11 | 169 |
ANED | 5,400 | 6,579,000 | 3 | 127 |
Banco FIE | 231,100 | 569,322,000 | 6 | 127 |
BancoSol | 215,300 | 861,418,000 | 30 | 127 |
CIDRE | 8,500 | 126,578,000 | 8 | 127 |
Coop Fatima | 6,300 | 44,280,000 | 7 | 169 |
CRECER | 166,900 | 134,626,000 | 13 | 127 |
Diaconia | 67,000 | 85,734,000 | 2 | 127 |
Ecofuturo | 59,200 | 226,839,000 | 5 | 127 |
EMPRENDER | 8,700 | 2,380,000 | 3 | 169 |
Fassil FFP | 57,600 | 325,081,000 | 5 | 127 |
FONCRESOL | 3,900 | 9,573,000 | 3 | 127 |
FONDECO | 14,200 | 24,274,000 | 3 | 127 |
Fortaleza | 20,100 | 164,530,000 | 13 | 127 |
FUBODE | 29,400 | 24,444,000 | 7 | 127 |
FUNBODEM | 8,600 | 15,798,000 | 9 | 127 |
IDEPRO | 10,400 | 40,479,000 | 2 | 127 |
IMPRO | 2,400 | 2,885,000 | 4 | 127 |
ProCredit | 84,300 | 257,487,000 | 8 | 169 |
PRODEM | 44,900 | 62,529,000 | 4 | 127 |
ProMujer BOL | 115,200 | 50,753,000 | 3 | 127 |
Sartawi | 14,600 | 26,842,000 | 8 | 127 |
Key Statistics | |
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# 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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