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. PRODEM
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

FFP Prodem S.A. Belisario Salinas # 520La Paz13963
Data approved: 2013-09-06
Data version: 2
Age of data: 130 months
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Product

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Product

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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

4,855
BOB 400 - 80,000
1 - 24
Credit Ins
14.0%-29.5% annual, Decl Bal
None
0.07%-1.56% upfront 0.07%-1.56% ongoing
None
N/A
 
15.6% - 29.5%
0
0.7% - 1.1%
0
21.9% - 26.9%
52 - 98
58

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 (BOB)BOB 104,524,067
Portfolio (USD)USD 15,485,046.96
Active Clients with Loans4,855
Approximate % Female Clients60% - 80%
Approximate % Urban Clients60% - 80%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Microlinea de credito, la cual busca dar mayor agilidad en los desembolsos que el cliente requiere ya que puede retirar de cajas el saldo de su línea. Se puede obtener la linea tanto en Bolivianos como en dolares.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculturex
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
CurrencyBOB
Minimum loan sizeBOB 400
Maximum loan size80,000
Distribution at Disbursement (Est.)
Loans less than BOB 10,00020%
BOB 10,000-40,00070%
BOB 40,000-70,0005%
BOB 70,000-100,0005%
BOB 100,000-125,0000
Greater than BOB 125,0000
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term24.0 months
Approx average20.4 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months5%
Between 10 and 12 months5%
Between 13 and 18 months10%
Longer than 18 months80%
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
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 interest14.00%
Highest quoted nominal interest29.50%
Reason(s) why interest rate variesBranch, Time as Client, Loan Size, Client Risk, Collateral
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
Ins 1
DescriptionSeguro de desgravamen anticipado
% of loan amount - min0.07%
% of loan amount - max1.56%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationFee is 0.065% multiplied by the number of months between the disbursement date and the first date of repayment.
Appears on Repayment Sched?Yes
Ongoing Insurance Fees
Ins 1
DescriptionSeguro de desgravamen
% of loan amount - min0.07%
% of loan amount - max1.56%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationFee is 0.065% per month, charged on the outstanding loan principal.
Appears on Repayment Sched?Yes
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

Linea de Credito Microefectivo samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountBOB 5,000BOB 10,000BOB 16,000BOB 18,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2013-07-252013-08-032013-07-232013-07-11
Loan Term (Months)7.0 months13.0 months19.0 months18.0 months
Grace Period (Months)0.6 months0.4 months0.7 months-0.3 months
Total Cost of CreditBOB 473.74BOB 1,613.27BOB 3,155.79BOB 3,207.21
True Price by Comp       
Interest price component26.0%26.1%21.1%21.1%
Fee Component0.0%0.0%0.0%0.0%
Insurance Component0.9%0.7%0.8%0.8%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)26.9%26.8%21.9%21.9%
Transparency Index52526464
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
Microloan Price Graphs


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Linea de Credito Microefectivo 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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