2. JVOFI
Please note that the information you are viewing is 158 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. BancoSol
Please note that the information you are viewing is 130 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Jaime V. Ongpin Foundation, Inc. No. 27 Sofia de Veyra St. Corner Road 2Queson HillBaguio2600
Data approved: 2011-11-15
Data version: 1
Age of data: 158 months

Institution

BancoSol S.A. Calle Nicolás Acosta No. 289 esq. Cañada Strongest, MurilloLa Paz, Bolivia13176
Data approved: 2013-09-05
Data version: 2
Age of data: 130 months
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Product

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Product

Sol Individual (Tasa Fija, USD) Product 9 of 30 « Prev | Next »

Product Summary

Number borrowers1,361
Loan Amount (range)PHP 2,000 - 150,000
Loan Term (range)4.7 - 12
Other Services (text summary)Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Market linkages
Annual Interest & Method30.0% annual, Flat
FeesNone
Insurance1.00% upfront
TaxNone
Comp Dep20.0% upfront 50.00 ongoing
Range of pricing 
Interest Price ComponentN/A
Fee Component50.9% - 64.2% (Int+Fee)
Insurance Component4.4% - 5.6%
Tax Component Range0
Full APR (int fee ins tax dep)99.4% - 136.3%
Transparency Index (min/max)22 - 30
Transparency Index (average)28

Product Summary

1,157
USD 50 - 10,000
3 - 36
Credit Ins
18.0%-24.5% annual, Decl Bal
None
None
None
N/A
 
7.8% - 28.0%
0
0
0
18.6% - 24.5%
52 - 101
83

Product Details

Key Statistics
Outstanding portfolio (PHP)PHP 11,778,115
Portfolio (USD)USD 281,773.09
Active Clients with Loans1,361
Approximate % Female Clients80% - 100%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Loan extended to client to finance their microenterprise activities
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visitsx
Business trainingx
Other training
OtherMarket linkages
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
OtherMust have max net income of 10,000 per family f 5
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Product Details

Key Statistics
Outstanding portfolio (USD)USD 3,262,772.23
Portfolio (USD)USD 3,262,772.23
Active Clients with Loans1,157
Approximate % Female Clients40% - 60%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Créditos destinado al financiamiento de las necesidades de capital de inversión o capital de operación para actividades industriales, comerciales y de servicios
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a businessx
Must own a home or land
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution9
# Regions for this product9
Regions ActiveBeni , Chuquisaca , Cochabamba , La Paz , Oruro , Pando , Potosí, Santa Cruz, Tarija

Loan Conditions

Loan Amount
CurrencyPHP
Minimum loan sizePHP 2,000
Maximum loan size150,000
Loan Term and Grace Period
Shortest loan term4.7 months
Longest loan term12.0 months
Approx average4.7 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyUSD
Minimum loan sizeUSD 50
Maximum loan size10,000
Distribution at Disbursement (Est.)
Loans less than USD 1,50010%
USD 1,500-5,00040%
USD 5,000-10,00050%
USD 10,000-15,0000
USD 15,000-18,0000
Greater than USD 18,0000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term36.0 months
Approx average34.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months5%
Between 13 and 18 months5%
Longer than 18 months90%
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 monthsx
Quarterlyx
Every 6 monthsx
Every 12 monthsx
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest2.50%
Highest quoted nominal interest2.50%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionCredit Insurance
% of loan amount - min1.00%
% of loan amount - max1.00%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited20.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedPHP 50
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paid7.00%
Maximum interest rate paid7.00%
Interest payment frequencyAnnually
Taxes
Are taxes charged on this product?No
Additional Comments
For savings, clients are allowed two (2) withdrawals per month as long as 2% of loan amount is maintained (for loans greater than 15, 3% of loan amount). For 1st loan cycle, savings of P15 is required.

Pricing Information

Interest
Lowest quoted nominal interest18.00%
Highest quoted nominal interest24.50%
Reason(s) why interest rate variesLoan Size, Collateral, Plazo
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Microloan samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountPHP 3,000PHP 7,000PHP 15,000PHP 30,000PHP 50,000PHP 75,000
Loan Cycle (1, 2, 3, etc)755121023
Disbursement Date2011-04-082010-10-082011-03-312010-12-162010-12-162011-01-21
Loan Term (Months)4.7 months4.7 months4.7 months4.7 months4.7 months4.7 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot KnownNot KnownNot Known
True Price by Comp           
Interest and Fee Component61.2%64.2%61.0%50.9%51.4%62.3%
Insurance Component5.4%5.6%5.4%4.4%4.5%5.5%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component32.8%36.2%33.0%46.1%47.5%68.5%
Full APR (int fee ins tax dep)99.4%106.0%99.4%101.4%103.4%136.3%
Transparency Index302830302922
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF

Full Pricing Data

Sol Individual (Tasa Fija, USD) samples
Sample 1Sample 2Sample 3
Loan AmountUSD 2,000USD 7,400USD 5,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot Known
Disbursement Date2013-03-112013-04-242014-04-07
Loan Term (Months)12.0 months19.0 months12.0 months
Grace Period (Months)0.2 months0.6 months0.0 months
Total Cost of CreditUSD 262.26USD 1,220.53USD 688.10
True Price by Comp     
Interest price component22.6%18.6%24.5%
Fee Component0.0%0.0%0.0%
Insurance Component0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%
Full APR (int fee ins tax dep)22.6%18.6%24.5%
Transparency Index809773
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
Microloan Price Graphs


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Sol Individual (Tasa Fija, USD) Price Graphs


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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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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