Jaime V. Ongpin Foundation, Inc. - Microloan - MFTransparency.org Truth In Lending Tables

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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: 163 months

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Product Details

Key Statistics

Outstanding portfolio (PHP)	PHP 11,778,115
Portfolio (USD)	USD 281,773.09
Active Clients with Loans	1,361
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	60% - 80%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

Loan extended to client to finance their microenterprise activities

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)

Included Services

Credit education	x
Group meetings	x
Credit insurance	x
Workplace visits	x
Business training	x
Other training
Other	Market linkages
Other (2)
No other services

Eligibility

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	Must 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 institution	N/A
# Regions for this product	N/A
Regions Active

Loan Conditions

Loan Amount

Currency	PHP
Minimum loan size	PHP 2,000
Maximum loan size	150,000

Loan Term and Grace Period

Shortest loan term	4.7 months
Longest loan term	12.0 months
Approx average	4.7 months

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

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

Pricing Information

Interest

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

Upfront Fees

This product has no upfront fees

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Credit Insurance
% of loan amount - min	1.00%
% of loan amount - max	1.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
Appears on Repayment Sched?	No

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	All
Criteria	N/A
Is deposit indicated on the repayment schedule?
Do borrowers control deposit in their group?

Deposit BEFORE or AT Disbursement

% loan amount deposited	20.00%
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	PHP 50
Conditions on access to deposit	Access During

Interest Paid on Deposit

Minimum interest rate paid	7.00%
Maximum interest rate paid	7.00%
Interest payment frequency	Annually

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Additional Comments

For savings, clients are allowed two (2) withdrawals per month as long as 2% of is maintained (for loans greater than 15, 3% of ). For 1st , savings of P15 is required.

Full Pricing Data

Microloan samples

	Sample 1	Sample 2	Sample 3	Sample 4	Sample 5	Sample 6
Loan Amount	PHP 3,000	PHP 7,000	PHP 15,000	PHP 30,000	PHP 50,000	PHP 75,000
Loan Cycle (1, 2, 3, etc)	7	5	5	12	10	23
Disbursement Date	2011-04-08	2010-10-08	2011-03-31	2010-12-16	2010-12-16	2011-01-21
Loan Term (Months)	4.7 months	4.7 months	4.7 months	4.7 months	4.7 months	4.7 months
Grace Period (Months)	0.0 months	0.0 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	Not Known	Not Known
True Price by Comp
Interest and Fee Component	61.2%	64.2%	61.0%	50.9%	51.4%	62.3%
Insurance Component	5.4%	5.6%	5.4%	4.4%	4.5%	5.5%
Tax Component	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Deposit Component	32.8%	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 Index	30	28	30	30	29	22

Original Repayment Schedule	PDF	PDF	PDF	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF	PDF	PDF	PDF

Microloan Price Graphs

Loan Size/

Loan Term/

Custom

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
Action	0	0	0	145
Adok Timo	4,200	570,000	4	177
BIMAS	11,100	4,679,000	7	145
ECLOF Kenya	20,500	5,455,000	8	145
Equity Bank	135,500	94,746,000	9	145
Family Bank	43,200	90,700,000	5	177
Jamii Bora	2,400	3,374,000	4	145
Juhudi Kilimo	10,400	4,436,000	2	145
KADET	12,900	5,402,000	4	145
K-Rep	0	0	0	145
K-Rep Bank	65,000	28,743,000	4	177
KWFT DTM	294,600	165,982,000	6	145
LKL	13,100	9,311,000	10	138
MKL	18,200	5,989,000	6	122
Opportunity Kenya	9,100	4,866,000	5	145
PAWDEP	40,900	7,133,000	2	145
RAFODE	2,900	356,000	1	145
SISDO	7,300	3,657,000	11	145
Yehu	14,000	3,149,000	11	145

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

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Total Borrrowers of Samples


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