Outstanding portfolio (PHP) | PHP 4,700,000 |
Portfolio (USD) | USD 112,440.19 |
Active Clients with Loans | 1,250 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 40% - 60% |
Individual | |
Solidarity group | x |
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 | x |
Credit insurance | |
Workplace visits | x |
Business training | |
Other training | |
Other | Life insurance |
Other (2) | |
No other services |
Men | |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | Must have net income of > P2000 per month |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | PHP |
Minimum loan size | PHP 5,000 |
Maximum loan size | 15,000 |
Shortest loan term | 5.8 months |
Longest loan term | 5.8 months |
Approx average | 5.8 months |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | x |
Every 2 weeks | |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 2.50% |
Highest quoted nominal interest | 2.50% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Service Charge |
% 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 |
Ins 1 | |
---|---|
Description | Life Insurance |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 375 |
Fixed amount - max | 375 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | |
Do borrowers control deposit in their group? |
% loan amount deposited | 5.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | PHP 20 |
Conditions on access to deposit | When Leaving |
Minimum interest rate paid | 1.00% |
Maximum interest rate paid | 1.00% |
Interest payment frequency | Quarterly |
Are taxes charged on this product? | Yes |
Percentage of fees | 0 |
All or some fees taxed | N/A |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | PHP 5,000 | PHP 6,000 | PHP 7,000 | PHP 8,000 | |||
Loan Cycle (1, 2, 3, etc) | 2 | 3 | 17 | Not Known | |||
Disbursement Date | 2011-05-20 | 2011-05-20 | 2011-05-20 | 2011-05-20 | |||
Loan Term (Months) | 5.8 months | 5.8 months | 5.8 months | 5.8 months | |||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 5.0 months | |||
Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | |||
True Price by Comp | |||||||
Interest and Fee Component | 70.6% | 68.4% | 70.6% | 70.6% | |||
Insurance Component | 35.2% | 28.8% | 24.7% | 21.5% | |||
Tax Component | 5.8% | 5.5% | 5.6% | 5.5% | |||
Deposit Component | 22.7% | 18.9% | 17.3% | 15.8% | |||
Full APR (int fee ins tax dep) | 134.3% | 121.6% | 118.2% | 113.4% | |||
Transparency Index | 22 | 25 | 25 | 26 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Institution Type | Non-Governmental Organization |
Is this institution regulated? | No |
Website address | http://www.fubode.org/ |
Year established | 1995 |
Head of Institution | Luis Fernando Torrez Ontivero |
Regions active | Chuquisaca , Cochabamba , Oruro , Potosí, Santa Cruz, Tarija |
# Branches | 18 |
Total Portfolio (nat'l) | BOB 165,483,985 |
Total Portfolio (USD) | USD 24,516,145.93 |
Active clients with loans | 29,469 |
Approximate % female clients | 60% - 80% |
Approximate % urban clients | 40% - 60% |
Network affiliations | Vision Fund International, FINRURAL |
Funders | World Vision Suiza, World Vision Alemania, World Vision Estados Unidos, World Vision Canada |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Consumo | BOB 1,500 - 8,000 | 6 - 24 | 40% - 60% | 40% - 60% | Any Purpose | Women, Men | Credit Ins | |||||||
Credito Asociativo | USD 4,500 - 30,600 | 18 - 48 | 20% - 40% | 0% | Business, Agriculture | Women, Men, Have business | ||||||||
Grupo Comunal (Banco Comunal) | BOB 200 - 14,500 | 4 - 9 | 80% - 100% | 40% - 60% | Business | Women, Men, Have business | Credit Educ, Group Mtgs, Credit Ins, Other Training, Educacion No Financiera (Agua, Saneamiento, Manejo de Residuos Solidos) | |||||||
Microcrédito de Vivienda | USD 1,000 - 15,000 | 10 - 72 | 20% - 40% | 20% - 40% | Housing, No se puede usar para negocio | Women, Men, Have business, Have home or land | Credit Ins, Other Training, Asistencia Tecnica Constructiva | |||||||
Microcrédito Grupo Solidario | USD 700 - 5,000 | 8 - 24 | 40% - 60% | 0% - 20% | Business, Agriculture | Women, Men, Have business | Credit Educ, Credit Ins | |||||||
Microcrédito Productivo Individual (USD) | USD 150 - 15,000 | 4 - 60 | 40% - 60% | 20% - 40% | Business, Agriculture | Women, Men, Have business | Credit Ins | |||||||
Microcrédito Productivo Individual (BOB) | BOB 1,000 - 106,000 | 4 - 60 | 40% - 60% | 20% - 40% | Business, Agriculture | Women, Men, Have business | Credit Ins |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Consumo | 30.0%-32.0% annual, Decl Bal | 0 Fees | 1 Ins | None | N/A | 31.5% - 33.3% | 32% - 33.7% | 91 | ||||||||
Credito Asociativo | 15.0%-24.0% annual, Decl Bal | 0 Fees | 0 Ins | None | N/A | 24.1% - 24.2% | 24.1% - 24.2% | 62 | ||||||||
Grupo Comunal (Banco Comunal) | 30.0%-36.0% annual, Decl Bal | 1 Fee | 1 Ins | None | 10.0% upfront 10.00% ongoing | 37.2% - 38% | 55.2% - 56.9% | 53 | ||||||||
Microcrédito de Vivienda | 16.0%-30.0% annual, Decl Bal | 0 Fees | 1 Ins | None | N/A | 19.8% - 29.5% | 20.3% - 30% | 65 | ||||||||
Microcrédito Grupo Solidario | 20.0%-33.6% annual, Decl Bal | 0 Fees | 1 Ins | None | N/A | 22.1% - 24.1% | 22.6% - 24.5% | 84 | ||||||||
Microcrédito Productivo Individual (USD) | 18.0%-34.0% annual, Decl Bal | 0 Fees | 1 Ins | None | N/A | 22.1% - 30.6% | 22.6% - 31% | 60 | ||||||||
Microcrédito Productivo Individual (BOB) | 18.0%-34.0% annual, Decl Bal | 0 Fees | 1 Ins | None | N/A | 24.2% - 26.4% | 24.6% - 26.8% | 62 |
Key Statistics | |
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% Products with compulsory deposits |
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