2. ECLOF
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  2. FUNBODEM
Please note that the information you are viewing is 130 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: 158 months

Institution

Fundacion Boliviana Para El Desarrollo De La Mujer Calle Rene Moreno # 476Santa Cruz
Data approved: 2013-10-10
Data version: 2
Age of data: 130 months
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Product

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Product Summary

Number borrowers4,063
Loan Amount (range)PHP 5,000 - 150,000
Loan Term (range)4 - 12
Other Services (text summary)Credit Educ, Credit Ins, Other Training, Sustainable Agriculture practices (organic farming)
Annual Interest & Method36.0% annual, Flat
Fees3.00% upfront
Insurance0.13%-0.75% upfront
TaxNone
Comp Dep10.00% ongoing
Range of pricing 
Interest Price ComponentN/A
Fee Component42.9% - 44.3% (Int+Fee)
Insurance Component1.8% - 3.8%
Tax Component Range0
Full APR (int fee ins tax dep)44.8% - 46.1%
Transparency Index (min/max)24 - 80
Transparency Index (average)78

Product Summary

173
USD 15,001 - 25,000
6 - 48
Credit Ins
19.0%-21.0% annual, Decl Bal
None
0.36%-2.88% ongoing
None
N/A
 
19.1% - 36.0%
0
0.6% - 0.9%
0
20.8% - 21.8%
52 - 95
89

Product Details

Key Statistics
Outstanding portfolio (PHP)PHP 54,073,112
Portfolio (USD)USD 1,293,615.12
Active Clients with Loans4,063
Approximate % Female Clients60% - 80%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity groupx
Village banking
Self help group
Other
Description
Loan for agricultural production of rice (irrigated and non-irrigated), strawberry, vegetables and cut flowers. Also includes livestock.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetings
Credit insurancex
Workplace visits
Business training
Other trainingx
OtherSustainable Agriculture practices (organic farming)
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
OtherMust have a farm to manage
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Product Details

Key Statistics
Outstanding portfolio (USD)USD 3,032,103.92
Portfolio (USD)USD 3,032,103.92
Active Clients with Loans173
Approximate % Female Clients20% - 40%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Producto destinado a desarrollar actividades del sector produccio, comercio y sservicios, siendo el financiamiento mayor a USD 15,000.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution2
# Regions for this product2
Regions ActiveBeni , Santa Cruz

Loan Conditions

Loan Amount
CurrencyPHP
Minimum loan sizePHP 5,000
Maximum loan size150,000
Loan Term and Grace Period
Shortest loan term4.0 months
Longest loan term12.0 months
Approx average5.0 months
Grace Period
Grace period usage100%
Average grace period5.0 months
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end paymentx
Irregular payments

Loan Conditions

Loan Amount
CurrencyUSD
Minimum loan sizeUSD 15,001
Maximum loan size25,000
Distribution at Disbursement (Est.)
Loans less than USD 1,5000
USD 1,500-5,0000
USD 5,000-10,0000
USD 10,000-15,0000
USD 15,000-18,00020%
Greater than USD 18,00020%
Loan Term and Grace Period
Shortest loan term6.0 months
Longest loan term48.0 months
Approx average41.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months10%
Between 7 and 9 months0
Between 10 and 12 months15%
Between 13 and 18 months5%
Longer than 18 months70%
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 monthsx
Every 12 monthsx
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest3.00%
Highest quoted nominal interest3.00%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min3.00%
% of loan amount - max3.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionEnhanced Credit Security (MRI)
% of loan amount - min0.13%
% of loan amount - max0.75%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited0
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited10.00%
or, Fixed-amount deposited0
Conditions on access to depositWhen Leaving
Interest Paid on Deposit
Minimum interest rate paid2.00%
Maximum interest rate paid2.00%
Interest payment frequencyEnd Term
Taxes
Are taxes charged on this product?No
Additional Comments
Withdrawals from CBU allowed for emergency purposes.

Pricing Information

Interest
Lowest quoted nominal interest19.00%
Highest quoted nominal interest21.00%
Reason(s) why interest rate variesLoan Size, Client Risk, Collateral
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
Ins 1
DescriptionPago del seguro de desgravamen
% of loan amount - min0.36%
% of loan amount - max2.88%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationSe aplica 0.06% en cada cuota cargado en el saldo pendiente del principal
Appears on Repayment Sched?Yes
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Agricultural Production Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountPHP 7,000PHP 15,000PHP 30,000PHP 60,000PHP 86,000PHP 120,000
Loan Cycle (1, 2, 3, etc)255933
Disbursement Date2011-05-132011-05-252011-05-022011-05-252011-05-112011-05-30
Loan Term (Months)5.0 months5.0 months5.0 months5.0 months6.0 months5.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot KnownNot KnownNot Known
True Price by Comp           
Interest and Fee Component44.3%44.3%44.3%44.3%42.9%44.3%
Insurance Component1.8%1.8%1.8%1.8%1.9%1.8%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)46.1%46.1%46.1%46.1%44.8%46.1%
Transparency Index787878788078
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF

Full Pricing Data

Mipe samples
Sample 1Sample 2Sample 3
Loan AmountUSD 17,000USD 18,000USD 20,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-10-012013-10-012013-10-01
Loan Term (Months)13.0 months31.0 months37.0 months
Grace Period (Months)0.5 months0.5 months0.0 months
Total Cost of CreditUSD 2,148.98USD 5,468.40USD 7,497.79
True Price by Comp     
Interest price component20.1%20.1%21.1%
Fee Component0.0%0.0%0.0%
Insurance Component0.7%0.7%0.7%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)20.8%20.8%21.8%
Transparency Index919187
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Agricultural Production Loan Price Graphs


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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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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