| Institution Type | RurBank |
| Is this institution regulated? | Yes |
| Website address | http://www.gmbank.com.ph/ |
| Year established | 2004 |
| Head of Institution | Mr. Tomas S. Gomez, IV |
| Regions active | |
| # Branches | 40 |
| Total Portfolio (nat'l) | PhP 110,367,523 |
| Total Portfolio (USD) | USD 2,640,371.36 |
| Active clients with loans | 23,581 |
| Approximate % female clients | 80% - 100% |
| Approximate % urban clients | 0% - 20% |
| Network affiliations | |
| Funders |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASAP Loan Program | PHP 5,000 - 150,000 | 3 - 6 | 60% - 80% | 80% - 100% | Business | Women, Men, Have business, Have home or land, Specific age group | Credit Educ | |||||||
| Asenso Loan | PHP 3,000 - 50,000 | 6 | 60% - 80% | 0% - 20% | Business | Women, Men, Have business, Specific age group | Credit Educ, Group Mtgs, Credit Ins, Savings | |||||||
| Micro-Agri Loan Product | PHP 8,000 - 80,000 | 6 - 12 | 20% - 40% | 0% - 20% | Business | Women, Men, Have business, Have home or land, Specific age group | Group Mtgs, Credit Ins |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASAP Loan Program | 30.0%-36.0% annual, Flat | 2 Fees | 1 Ins | 5.00% loan amt | 100.00 upfront 10.00% ongoing | 72% - 93.2% | 91.4% - 120.1% | 29 | ||||||||
| Asenso Loan | 25.9% annual, Flat | 2 Fees | 2 Ins | 5.00% loan amt | 100.00 upfront 16.00% ongoing | 75.5% - 100.5% | 107% - 142.7% | 21 | ||||||||
| Micro-Agri Loan Product | 30.0% annual, Flat | 2 Fees | 1 Ins | 5.00% loan amt | 100.00 upfront 10.00% ongoing | 42.4% - 64.5% | 56.6% - 85.8% | 42 |
| Outstanding portfolio (THB) | THB 150,884,878.10 |
| Portfolio (USD) | USD 5,114,741.63 |
| Active Clients with Loans | 7,344 |
| Approximate % Female Clients | 60% - 80% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | x |
| 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 | |
| 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 | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Currency | THB |
| Minimum loan size | THB 7,000 |
| Maximum loan size | 60,000 |
| Shortest loan term | 6.0 months |
| Longest loan term | 18.0 months |
| Approx average | 12.0 months |
| Grace period usage | 0 |
| Average grace period | 0 |
| Daily | |
| Weekly | x |
| Every 2 weeks | x |
| Every 4 weeks | x |
| Monthly | x |
| Every 2 months | |
| Quarterly | |
| Every 6 months | |
| Every 12 months | |
| Single end payment | |
| Irregular payments |
| Lowest quoted nominal interest | 2.40% |
| Highest quoted nominal interest | 2.70% |
| Reason(s) why interest rate varies | Branch, Time as Client, Loan Size, Client Risk, Collateral, Loan Purpose |
| Interest rate period | Monthly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | Yes |
| Is rate fixed for entire loan term | Yes |
| 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 4 | Sample 5 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | THB 200,000 | THB 10,000 | THB 20,000 | THB 40,000 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
| Disbursement Date | 2010-10-26 | 2010-10-28 | 2010-10-13 | 2010-10-19 | |||
| Loan Term (Months) | 6.0 months | 12.0 months | 12.0 months | 12.0 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 | 33.0% | 31.6% | 31.6% | 30.4% | |||
| Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Full APR (int fee ins tax dep) | 33.0% | 31.6% | 31.6% | 30.4% | |||
| Transparency Index | 87 | 91 | 91 | 95 | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
| Key Statistics | |
|---|---|
| # 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 |
|---|---|---|---|---|---|---|---|
| X Axis | ||||||
|---|---|---|---|---|---|---|
| Greater than: | ||||||
| Less or equal to: | ||||||
| N (# of Samples) | ||||||
| Total Borrrowers of Samples | ||||||
| Avg | ||||||
| Min | ||||||
| Max | ||||||
| Std Dev | ||||||
| By Inst Type | ||||||
| By Country | ||||||
| X Axis | ||||||
|---|---|---|---|---|---|---|
| Greater than: | ||||||
| Less or equal to: | ||||||
| From 0 to | ||||||
| to | ||||||
| to | ||||||
| to ∞ | ||||||
