| 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 |
| 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 |
| 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 (USD) | USD 3,032,103.92 |
| Portfolio (USD) | USD 3,032,103.92 |
| Active Clients with Loans | 173 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 40% - 60% |
| 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 | x |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| 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 | 2 |
| # Regions for this product | 2 |
| Regions Active | Beni , Santa Cruz |
| 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 | USD |
| Minimum loan size | USD 15,001 |
| Maximum loan size | 25,000 |
| Loans less than USD 1,500 | 0 |
| USD 1,500-5,000 | 0 |
| USD 5,000-10,000 | 0 |
| USD 10,000-15,000 | 0 |
| USD 15,000-18,000 | 20% |
| Greater than USD 18,000 | 20% |
| Shortest loan term | 6.0 months |
| Longest loan term | 48.0 months |
| Approx average | 41.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 10% |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 15% |
| Between 13 and 18 months | 5% |
| Longer than 18 months | 70% |
| 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 | x |
| Every 12 months | x |
| Single end payment | |
| 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 | 19.00% |
| Highest quoted nominal interest | 21.00% |
| Reason(s) why interest rate varies | Loan Size, Client Risk, Collateral |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | Yes |
| Ins 1 | |
|---|---|
| Description | Pago del seguro de desgravamen |
| % of loan amount - min | 0.36% |
| % of loan amount - max | 2.88% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | Se aplica 0.06% en cada cuota cargado en el saldo pendiente del principal |
| 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 | 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 | |||
|---|---|---|---|---|---|
| Loan Amount | USD 17,000 | USD 18,000 | USD 20,000 | ||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
| Disbursement Date | 2013-10-01 | 2013-10-01 | 2013-10-01 | ||
| Loan Term (Months) | 13.0 months | 31.0 months | 37.0 months | ||
| Grace Period (Months) | 0.5 months | 0.5 months | 0.0 months | ||
| Total Cost of Credit | USD 2,148.98 | USD 5,468.40 | USD 7,497.79 | ||
| True Price by Comp | |||||
| Interest price component | 20.1% | 20.1% | 21.1% | ||
| Fee Component | 0.0% | 0.0% | 0.0% | ||
| Insurance Component | 0.7% | 0.7% | 0.7% | ||
| Tax Component | 0.0% | 0.0% | 0.0% | ||
| Deposit Component | 0.0% | 0.0% | 0.0% | ||
| Full APR (int fee ins tax dep) | 20.8% | 20.8% | 21.8% | ||
| Transparency Index | 91 | 91 | 87 | ||
| 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 |
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