| Number borrowers | 19,431 |
| Loan Amount (range) | PHP 3,000 - 50,000 |
| Loan Term (range) | 6 |
| Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Savings |
| Annual Interest & Method | 25.9% annual, Flat |
| Fees | 4.00% upfront 350.00 upfront |
| Insurance | 1.75% upfront 4.00 ongoing |
| Tax | 5.00% loan amt |
| Comp Dep | 100.00 upfront 16.00% ongoing |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 75.5% - 100.5% (Int+Fee) |
| Insurance Component | 4.5% - 16.7% |
| Tax Component Range | 3.3% - 14.3% |
| Full APR (int fee ins tax dep) | 107.0% - 142.7% |
| Transparency Index (min/max) | 18 - 53 |
| Transparency Index (average) | 21 |
| Outstanding portfolio (PHP) | PHP 64,676,194.81 |
| Portfolio (USD) | USD 1,547,277.39 |
| Active Clients with Loans | 19,431 |
| Approximate % Female Clients | 60% - 80% |
| 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 | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | Savings |
| 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 | x |
| Other | |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Currency | PHP |
| Minimum loan size | PHP 3,000 |
| Maximum loan size | 50,000 |
| Shortest loan term | 6.0 months |
| Longest loan term | 6.0 months |
| Approx average | 6.0 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 | 2.16% |
| Highest quoted nominal interest | 2.16% |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Flat |
| Subsidized by funder request? | Yes |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | Fee 2 | ||
|---|---|---|---|
| Description | Service Charge | Membership Fee/Notarial Fee | |
| % of loan amount - min | 4.00% | 0 | |
| % of loan amount - max | 4.00% | 0 | |
| OR, Fixed amount - min | 0 | 350 | |
| Fixed amount - max | 0 | 350 | |
| Reason for variation | N/A | ||
| Appears on Repayment Sched? | No | No |
| Ins 1 | |
|---|---|
| Description | Loan Protection Insurance |
| % of loan amount - min | 1.75% |
| % of loan amount - max | 1.75% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | Life Insurance |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 4 |
| Fixed amount - max | 4 |
| 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 | 0 |
| or, Fixed-amount deposited | PHP 100 |
| % loan amount deposited | 16.00% |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | When Leaving |
| Minimum interest rate paid | 0 |
| Maximum interest rate paid | 0 |
| Interest payment frequency | N/A |
| 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 10,000 | PHP 15,000 | PHP 20,000 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
| Disbursement Date | 2011-08-08 | 2011-08-08 | 2011-08-08 | 2011-08-22 | |||
| 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 | 0.0 months | |||
| Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | |||
| True Price by Comp | |||||||
| Interest and Fee Component | 100.5% | 83.6% | 78.2% | 75.5% | |||
| Insurance Component | 16.7% | 12.2% | 10.8% | 10.0% | |||
| Tax Component | 5.7% | 5.4% | 5.3% | 5.2% | |||
| Deposit Component | 19.7% | 17.5% | 16.7% | 16.3% | |||
| Full APR (int fee ins tax dep) | 142.7% | 118.7% | 110.9% | 107.0% | |||
| Transparency Index | 18 | 22 | 23 | 24 | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
| Key Statistics | |
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| # 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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