| Number borrowers | 278 |
| Loan Amount (range) | PHP 5,000 - 50,000 |
| Loan Term (range) | 3 - 6 |
| Other Services (text summary) | Credit Educ, Credit Ins, Tech Asst Visits, Burial Assistance |
| Annual Interest & Method | 36.0%-54.0% annual, Flat |
| Fees | 3.00%-4.00% upfront |
| Insurance | 0.38%-0.75% upfront |
| Tax | None |
| Comp Dep | 1.00% ongoing |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 127.4% - 142.7% (Int+Fee) |
| Insurance Component | 1.8% - 3.8% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 135.9% - 151.3% |
| Transparency Index (min/max) | 24 - 80 |
| Transparency Index (average) | 25 |
| 11,250 |
| BOB 500 - 15,000 |
| 1 - 12 |
| Credit Educ, Group Mtgs, Credit Ins, Other Training |
| 27.0%-32.0% annual, Decl Bal |
| 2.00% upfront |
| None |
| None |
| 10.0%-15.0% upfront 15.00% ongoing |
| 15.6% - 32.0% |
| 0.5% - 4.2% |
| 0 - 0.9% |
| 0 |
| 41.6% - 55.9% |
| 44 - 80 |
| 56 |
| Outstanding portfolio (PHP) | PHP 1,616,813 |
| Portfolio (USD) | USD 38,679.74 |
| Active Clients with Loans | 278 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 80% - 100% |
| 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 | x |
| Group meetings | |
| Credit insurance | x |
| Workplace visits | x |
| Business training | |
| Other training | |
| Other | Burial Assistance |
| 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 | |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Outstanding portfolio (BOB) | BOB 19,992,902 |
| Portfolio (USD) | USD 2,961,911.41 |
| Active Clients with Loans | 11,250 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 40% - 60% |
| Individual | |
| Solidarity group | |
| Village banking | x |
| Self help group | |
| Other |
| Any purpose | x |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | |
| Business training | |
| Other training | x |
| Other | |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | Cada grupo deber estar compuesto por al menos 75% de mujeres |
| Other (2) |
| # Regions for this institution | 6 |
| # Regions for this product | 5 |
| Regions Active | Chuquisaca , Cochabamba , La Paz , Santa Cruz, Tarija |
| Currency | PHP |
| Minimum loan size | PHP 5,000 |
| Maximum loan size | 50,000 |
| Shortest loan term | 3.0 months |
| Longest loan term | 6.0 months |
| Approx average | 3.0 months |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | x |
| Weekly | x |
| Every 2 weeks | |
| Every 4 weeks | |
| Monthly | |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Currency | BOB |
| Minimum loan size | BOB 500 |
| Maximum loan size | 15,000 |
| Loans less than BOB 10,000 | 90% |
| BOB 10,000-40,000 | 10% |
| BOB 40,000-70,000 | 0 |
| BOB 70,000-100,000 | 0 |
| BOB 100,000-125,000 | 0 |
| Greater than BOB 125,000 | 0 |
| Shortest loan term | 1.0 month |
| Longest loan term | 12.0 months |
| Approx average | 10.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 5% |
| Between 7 and 9 months | 15% |
| Between 10 and 12 months | 80% |
| 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 | x |
| Monthly | |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | x |
| Irregular payments |
| Lowest quoted nominal interest | 3.00% |
| Highest quoted nominal interest | 4.50% |
| Reason(s) why interest rate varies | Time as Client, Interest rate is reduced for 3rd loan cycle up. |
| 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/Service Fee |
| % of loan amount - min | 3.00% |
| % of loan amount - max | 4.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | Credit Insurance |
| % of loan amount - min | 0.38% |
| % of loan amount - max | 0.75% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| 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 | 0 |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 1.00% |
| 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 |
| Lowest quoted nominal interest | 27.00% |
| Highest quoted nominal interest | 32.00% |
| Reason(s) why interest rate varies | Loan Purpose, Número de participante en cada grupo y por tipo de credito, beneficiando al sector productivo. |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Comision por Gastos Administrativos |
| % of loan amount - min | 2.00% |
| % of loan amount - max | 2.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Required for | All |
| Criteria | El depósito obligatorio antes del desembolso varía entre 10%-15% basado en el nivel de riesgo de cada agencia. |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? | No |
| % loan amount deposited | 10.00% - 15.00% |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 15.00% |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | End Term |
| Minimum interest rate paid | 0 |
| Maximum interest rate paid | 0 |
| Interest payment frequency | N/A |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | |||
|---|---|---|---|---|---|
| Loan Amount | PHP 8,000 | PHP 16,000 | PHP 28,000 | ||
| Loan Cycle (1, 2, 3, etc) | 3 | 7 | 4 | ||
| Disbursement Date | 2011-07-08 | 2011-06-21 | 2011-06-30 | ||
| Loan Term (Months) | 4.0 months | 4.0 months | 5.0 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 | 142.7% | 132.3% | 127.4% | ||
| Insurance Component | 3.8% | 3.5% | 3.6% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 4.8% | 4.1% | 4.9% | ||
| Full APR (int fee ins tax dep) | 151.3% | 140.0% | 135.9% | ||
| Transparency Index | 24 | 26 | 26 | ||
| Original Repayment Schedule | |||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | BOB 1,000 | BOB 5,000 | BOB 6,800 | BOB 8,000 | BOB 9,500 | BOB 11,000 | |||||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
| Disbursement Date | 2013-09-13 | 2013-10-26 | 2013-10-26 | 2013-09-13 | 2013-10-26 | 2013-10-26 | |||||
| Loan Term (Months) | 8.0 months | 11.0 months | 11.0 months | 8.0 months | 11.0 months | 11.0 months | |||||
| Grace Period (Months) | 0.2 months | 0.2 months | 0.2 months | 0.2 months | 0.2 months | 0.2 months | |||||
| Total Cost of Credit | BOB 218.60 | BOB 969.57 | BOB 1,319.89 | BOB 1,748.80 | BOB 1,844.03 | BOB 2,134.22 | |||||
| True Price by Comp | |||||||||||
| Interest price component | 31.1% | 32.0% | 32.0% | 31.1% | 32.0% | 32.0% | |||||
| Fee Component | 3.4% | 4.2% | 4.2% | 3.4% | 4.2% | 4.2% | |||||
| Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Deposit Component | 9.7% | 19.7% | 13.6% | 7.1% | 13.6% | 13.6% | |||||
| Full APR (int fee ins tax dep) | 44.2% | 55.9% | 49.8% | 41.6% | 49.8% | 49.8% | |||||
| Transparency Index | 61 | 48 | 54 | 65 | 54 | 54 | |||||
| Original Repayment Schedule | |||||||||||
| MFT Pricing Calculation |
| 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 |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
|---|---|---|---|---|---|---|---|
| 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 | ||||||
|---|---|---|---|---|---|---|
| Greater than: | ||||||
| Less or equal to: | ||||||
| From 0 to | ||||||
| to | ||||||
| to | ||||||
| to ∞ | ||||||
