Ecumenical Church Foundation, Inc. - Agricultural Asset Acquisition and Carabao Loan - MFTransparency.org Truth In Lending Tables

Please note that the information you are viewing is 160 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Ecumenical Church Foundation, Inc. Rm. 200 BLVDM Ecumenical Center879 EDSA, West TriangleQuezon City, Metro Manila1104

Data approved: 2011-11-15

Data version: 1

Age of data: 160 months

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Product

Agricultural Asset Acquisition and Carabao Loan Product 1 of 4 « Prev | Next »

Product Details

Key Statistics

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%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

Includes leasing/purchase of farm equipment and machinery or carabao.

Loan Purpose

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

Included Services

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

Eligibility

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)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	N/A
# Regions for this product	N/A
Regions Active

Loan Conditions

Loan Amount

Currency	PHP
Minimum loan size	PHP 10,000
Maximum loan size	100,000

Loan Term and Grace Period

Shortest loan term	24.0 months
Longest loan term	24.0 months
Approx average	24.0 months

Grace Period

Grace period usage	100%
Average grace period	6.0 months

Repayment Frequency

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

Pricing Information

Interest

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

Upfront Fees

	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

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	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

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	All
Criteria	N/A
Is deposit indicated on the repayment schedule?	Yes
Do borrowers control deposit in their group?

Deposit BEFORE or AT Disbursement

% loan amount deposited	0
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	10.00%
or, Fixed-amount deposited	0
Conditions on access to deposit	When Leaving

Interest Paid on Deposit

Minimum interest rate paid	2.00%
Maximum interest rate paid	2.00%
Interest payment frequency	Annually

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Additional Comments

Withdrawals from CBU allowed for emergency purposes

Full Pricing Data

Agricultural Asset Acquisition and Carabao Loan samples

	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	PDF	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF	PDF

Agricultural Asset Acquisition and Carabao Loan Price Graphs

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Please note that the information you are viewing is 140 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

ASA International India Microfinance Pvt Ltd GC-8 , Sector-III, Salt Lake CityKolkata, West Bengal700106

Data approved: 2013-01-10

Data version: 2

Age of data: 140 months

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Institution Details

Institution Type	Non Bank Financial Institution
Is this institution regulated?	Yes
Website address	http://www.asaindia.in
Year established	2008
Head of Institution	Md Tajul Islam
Regions active	Assam, Bihar, Tripura, West Bengal
# Branches	162

Total Portfolio (nat'l)	INR 815,142,477
Total Portfolio (USD)	USD 15,380,046.74
Active clients with loans	164,004
Approximate % female clients	100%
Approximate % urban clients	0% - 20%
Network affiliations

Loan Products » Summary

1st/2nd Loan

164,004 Borrowers

USD 15,380,046.74 Portfolio

Active Product

Loan Products » Conditions

Product Name		Loan Size Range		Loan Term (months)		% Female		% Urban		Loan Purpose		Eligibility		Other Services
Primary cum Secondary Loan		INR 5,000 - 15,000		12 - 24		100%		0% - 20%		Business, Agriculture		Women, Low HH Inc, Med HH Inc		Credit Educ, Group Mtgs, Credit Ins

Loan Products » MFIN India Additional Information

Product Name		APR (int)		MFIN MFI Earning (Annualised)		MFIN Cost to Borrower (Annualised)		COMPLIANCE WITH RBI GUIDELINES ON INTEREST METHOD		COMPLIANCE WITH RBI GUIDELINES ON PROCESSING FEES		COMPLIANCE WITH RBI GUIDELINES ON INSURANCE PREMIUM		MFIN Transparency Index
Primary cum Secondary Loan		25.9%		27.9%		29.1%		Yes		Yes		Yes		98

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Loan Products » Pricing Information

Product Name		Annual Nominal Interest		Fees		Insurance		Taxes		Compulsory Deposit		APR (int+fee)		Full APR		Transparency Index
Primary cum Secondary Loan		25.3%-26.0% annual, Decl Bal		1 Fee		1 Ins		12.36% fees		N/A		27.9%		29.1%		87

Institution Price Graph

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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

	X Axis
	Greater than:
	Less or equal to:
N (# of Samples)
Total Borrrowers of Samples


Avg
Min
Max
Std Dev

By Inst Type


By Country

	X Axis
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Institution

Product

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Loan Conditions

Loan Amount

Loan Term and Grace Period

Grace Period

Repayment Frequency

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Compulsory Deposit

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Additional Comments

Full Pricing Data

Agricultural Asset Acquisition and Carabao Loan samples

Agricultural Asset Acquisition and Carabao Loan Price Graphs

Institution

Institution Details

Loan Products » Summary

Loan Products » Conditions

Loan Products » MFIN India Additional Information

Loan Products » Pricing Information

Institution Price Graph

Total Borrowers of Samples

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