2. ECLOF
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

Institution Details

Institution TypeNon-Governmental Organization
Is this institution regulated?No
Website addresshttp://www.eclofphils.com/
Year established1995
Head of InstitutionLucrecio D. Delgado, Jr.
Regions active
# Branches10

Total Portfolio (nat'l)PhP 112,151,935
Total Portfolio (USD)USD 2,683,060.65
Active clients with loans5,476
Approximate % female clients60% - 80%
Approximate % urban clients0% - 20%
Network affiliationsECLOF International, National Council of Churches in the Philippines, Microfinance Council of the Philippines, Inc., FPSDC
FundersECLOF International, National Council of Churches in the Philippines, Church of Sweden

Loan Products » Summary

Agi Carabao
110 Borrowers
USD 70,642.39 Portfolio
Active Product
Agriculture
4,063 Borrowers
USD 1,293,615.12 Portfolio
Active Product
Individual
1,043 Borrowers
USD 433,629 Portfolio
Active Product
SMID
278 Borrowers
USD 38,679.74 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Agricultural Asset Acquisition and Carabao Loan PHP 10,000 - 100,000 24 60% - 80% 0% - 20% Business, Leasing or purchase of agricultural equipment, Purchase of carabao Women, Men, Have business, Farmer-client who are at least on their 3rd cycle up Group Mtgs, Credit Ins, Tech Asst Visits, Other Training, Sustainable Agriculture practices (organic farming)
Agricultural Production Loan PHP 5,000 - 150,000 4 - 12 60% - 80% 0% - 20% Business Women, Men, Have business, Must have a farm to manage Credit Educ, Credit Ins, Other Training, Sustainable Agriculture practices (organic farming)
Micro Individual Loans PHP 15,000 - 150,000 3 - 12 80% - 100% 60% - 80% Business Women, Men, Have business Credit Educ, Credit Ins, Business Training, Burial Assistance
SMID PHP 5,000 - 50,000 3 - 6 60% - 80% 80% - 100% Business Women, Men, Have business Credit Educ, Credit Ins, Tech Asst Visits, Burial Assistance

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Agricultural Asset Acquisition and Carabao Loan 24.0%-30.0% annual, Flat 1 Fee 1 Ins None 10.00% ongoing 46.9% - 47.1% 52.5% - 53.2% 45
Agricultural Production Loan 36.0% annual, Flat 1 Fee 1 Ins None 10.00% ongoing 42.9% - 44.3% 44.8% - 46.1% 78
Micro Individual Loans 36.0%-42.0% annual, Flat 1 Fee 1 Ins None 1.00% ongoing 72.9% - 116.5% 82.9% - 122.7% 36
SMID 36.0%-54.0% annual, Flat 1 Fee 1 Ins None 1.00% ongoing 127.4% - 142.7% 135.9% - 151.3% 25
Institution Price Graph
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  2. Nirantara
Please note that the information you are viewing is 172 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Nirantara Community Services Head Office: #123, Shantaveera, 1st Floor, 10th Main2nd Cross, Shankarnagar, Mahalakshmi LayoutBangalore, Karnataka560096
Data approved: 2010-11-15
Data version: 1
Age of data: 172 months

Product

Income Generation Loan (IGL) - FNR - IGL Product 1 of 2 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (INR)INR 1,527,884
Portfolio (USD)USD 28,828
Active Clients with Loans155
Approximate % Female Clients80% - 100%
Approximate % Urban Clients20% - 40%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
Other
Description
This is the new loan product introduced recently. This is given mainly to income generation purpose, mainly for starting a new micro-business and/or running their micro-business. The tenure of the loan is Appx. 17 Months repaid in 36 installments.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other trainingx
OtherFinancial Literacy Programs
Other (2)Community Contact Programs
No other services
Eligibility
Men
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group
Household income <60,000 INR
Household income <120,000 INR
Must live in rural area
Must lives in urban area
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 5,000
Maximum loan size12,000
Loan Term and Grace Period
Shortest loan term16.8 months
Longest loan term18.0 months
Approx average16.8 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months100%
Longer than 18 months0
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeksx
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest27.93%
Highest quoted nominal interest27.93%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min2.00%
% of loan amount - max2.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionInsurance Fee
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min150
Fixed amount - max250
Reason for variationN/A
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
This product has no ongoing insurance fees
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

Income Generation Loan (IGL) - FNR - IGL samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountINR 5,000INR 10,000INR 10,000INR 10,000
Loan Cycle (1, 2, 3, etc)1111
Disbursement Date2010-11-032010-10-302010-10-272010-11-03
Loan Term (Months)16.8 months16.8 months16.8 months16.8 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot Known
True Price by Comp       
Interest and Fee Component31.0%31.0%31.0%31.0%
Insurance Component6.4%3.3%3.3%3.2%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)37.4%34.3%34.3%34.2%
MFIN MFI Earning (Annualised)31.0%31.0%31.0%31.0%
MFIN Cost to Borrower (Annualised)37.4%34.3%34.3%34.2%
Transparency Index75818182
MFIN Transparency IndexN/AN/AN/AN/A
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula
Income Generation Loan (IGL) - FNR - IGL Price Graphs


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