Number borrowers | 872 |
Loan Amount (range) | PHP 8,000 - 80,000 |
Loan Term (range) | 6 - 12 |
Other Services (text summary) | Group Mtgs, Credit Ins |
Annual Interest & Method | 30.0% annual, Flat |
Fees | 2.00%-8.00% upfront 50.00 upfront |
Insurance | 1.35%-1.75% upfront |
Tax | 5.00% loan amt |
Comp Dep | 100.00 upfront 10.00% ongoing |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 42.4% - 64.5% (Int+Fee) |
Insurance Component | 4.5% - 16.7% |
Tax Component Range | 3.3% - 14.3% |
Full APR (int fee ins tax dep) | 56.6% - 85.8% |
Transparency Index (min/max) | 18 - 53 |
Transparency Index (average) | 42 |
1,416 |
USD 50 - 250,000 |
37 - 120 |
Credit Ins |
11.0%-18.5% annual, Decl Bal |
None |
None |
None |
N/A |
7.8% - 28.0% |
0 |
0 |
0 |
12.3% - 17.8% |
52 - 101 |
74 |
Outstanding portfolio (PHP) | PHP 224,700 |
Portfolio (USD) | USD 5,375.60 |
Active Clients with Loans | 872 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | x |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | x |
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 | x |
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 |
Outstanding portfolio (USD) | USD 20,578,441.48 |
Portfolio (USD) | USD 20,578,441.48 |
Active Clients with Loans | 1,416 |
Approximate % Female Clients | 20% - 40% |
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 | |
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 | 9 |
# Regions for this product | 9 |
Regions Active | Beni , Chuquisaca , Cochabamba , La Paz , Oruro , Pando , Potosí, Santa Cruz, Tarija |
Currency | PHP |
Minimum loan size | PHP 8,000 |
Maximum loan size | 80,000 |
Shortest loan term | 6.0 months |
Longest loan term | 12.0 months |
Approx average | 0 |
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 | USD |
Minimum loan size | USD 50 |
Maximum loan size | 250,000 |
Loans less than USD 1,500 | 0 |
USD 1,500-5,000 | 5% |
USD 5,000-10,000 | 30% |
USD 10,000-15,000 | 30% |
USD 15,000-18,000 | 5% |
Greater than USD 18,000 | 5% |
Shortest loan term | 37.0 months |
Longest loan term | 120.0 months |
Approx average | 57.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 100% |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | x |
Quarterly | x |
Every 6 months | x |
Every 12 months | x |
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 | Fee 2 | ||
---|---|---|---|
Description | Service Charge | Notarial Fee | |
% of loan amount - min | 2.00% | 0 | |
% of loan amount - max | 8.00% | 0 | |
OR, Fixed amount - min | 0 | 50 | |
Fixed amount - max | 0 | 50 | |
Reason for variation | N/A | ||
Appears on Repayment Sched? | No | No |
Ins 1 | |
---|---|
Description | Loan Insurance |
% of loan amount - min | 1.35% |
% 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 |
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 | 10.00% |
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 |
Lowest quoted nominal interest | 11.00% |
Highest quoted nominal interest | 18.50% |
Reason(s) why interest rate varies | Loan Size, Collateral, Plazo |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | No |
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 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | PHP 8,000 | PHP 20,000 | PHP 30,000 | PHP 60,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2011-08-16 | 2011-06-30 | 2010-08-19 | 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 | 57.3% | 56.0% | 64.5% | 42.4% | |||
Insurance Component | 5.8% | 10.9% | 7.9% | 10.6% | |||
Tax Component | 4.1% | 4.1% | 5.4% | 3.3% | |||
Deposit Component | 5.8% | 6.1% | 7.9% | 0.4% | |||
Full APR (int fee ins tax dep) | 72.9% | 77.2% | 85.8% | 56.6% | |||
Transparency Index | 41 | 39 | 35 | 53 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | USD 10,000 | USD 13,000 | USD 17,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-01-26 | 2013-05-03 | 2014-04-07 | ||
Loan Term (Months) | 73.0 months | 49.0 months | 101.0 months | ||
Grace Period (Months) | 0.2 months | 0.4 months | 0.0 months | ||
Total Cost of Credit | USD 4,231.33 | USD 4,284.62 | USD 3,187.50 | ||
True Price by Comp | |||||
Interest price component | 12.3% | 15.8% | 17.8% | ||
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 | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 12.3% | 15.8% | 17.8% | ||
Transparency Index | 90 | 70 | 62 | ||
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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