Number borrowers | 1,250 |
Loan Amount (range) | PHP 5,000 - 15,000 |
Loan Term (range) | 5.8 |
Other Services (text summary) | Credit Educ, Group Mtgs, Tech Asst Visits, Life insurance |
Annual Interest & Method | 30.0% annual, Flat |
Fees | 3.00% upfront |
Insurance | 375.00 upfront |
Tax | 5.00% loan amt |
Comp Dep | 5.0% upfront 20.00 ongoing |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 68.4% - 70.6% (Int+Fee) |
Insurance Component | 1.5% - 35.2% |
Tax Component Range | 5.5% - 7.7% |
Full APR (int fee ins tax dep) | 113.4% - 134.3% |
Transparency Index (min/max) | 22 - 26 |
Transparency Index (average) | 24 |
2,830 |
KHR 400,000 - 2,400,000 |
1 - 24 |
Credit Ins |
36.0% annual, Decl Bal |
None |
None |
None |
3.0% upfront |
27.1% - 36.0% |
0 |
0 |
0 |
37.1% |
81 - 105 |
97 |
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 |
Outstanding portfolio (KHR) | KHR 1,910,277,705 |
Portfolio (USD) | USD 483,614.61 |
Active Clients with Loans | 2,830 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
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 | |
Group meetings | |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | x |
Men | x |
Women | x |
Must run a business | x |
Must own a home or land | x |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 7 |
# Regions for this product | 7 |
Regions Active | Banteay Meanchey, Battambang, Kampong Cham, Kandal, Phnom Penh, PursatSiem Reap |
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 |
Currency | KHR |
Minimum loan size | KHR 400,000 |
Maximum loan size | 2,400,000 |
Loans less than KHR 1,000,000 | 90% |
KHR 1,000,000-3,500,000 | 10% |
KHR 3,500,000-6,000,000 | 0 |
KHR 6,000,000-8,000,000 | 0 |
KHR 8,000,000-10,000,000 | 0 |
Greater than KHR 10,000,000 | 0 |
Shortest loan term | 1.0 month |
Longest loan term | 24.0 months |
Approx average | 12.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 90% |
Between 13 and 18 months | 0 |
Longer than 18 months | 10% |
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 | |
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 |
Lowest quoted nominal interest | 3.00% |
Highest quoted nominal interest | 3.00% |
Reason(s) why interest rate varies | All branches, loan size and term have the same interest rate. |
Interest rate period | Monthly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | No |
Do borrowers control deposit in their group? | Yes |
% loan amount deposited | 3.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | Final Pmt |
Minimum interest rate paid | 6.00% |
Maximum interest rate paid | 6.00% |
Interest payment frequency | Monthly |
Are taxes charged on this product? | No |
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 |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | KHR 400,000 | KHR 1,600,000 | KHR 2,400,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2012-06-19 | 2012-06-19 | 2012-06-19 | ||
Loan Term (Months) | 12.0 months | 12.0 months | 12.0 months | ||
Grace Period (Months) | 10.8 months | 10.8 months | 10.8 months | ||
Total Cost of Credit | KHR 141,200 | KHR 564,800 | KHR 847,200 | ||
True Price by Comp | |||||
Interest price component | 36.0% | 36.0% | 36.0% | ||
Fee Component | 0.0% | 0.0% | 0.0% | ||
Insurance Component | 0.0% | 0.0% | 0.0% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 1.1% | 1.1% | 1.1% | ||
Full APR (int fee ins tax dep) | 37.1% | 37.1% | 37.1% | ||
Transparency Index | 97 | 97 | 97 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Key Statistics | |
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# 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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