Institution Type | Non-Governmental Organization |
Is this institution regulated? | No |
Website address | http://www.jvofi.org/ |
Year established | 2001 |
Head of Institution | Ma. Rosario R. Lopez |
Regions active | |
# Branches | 2 |
Total Portfolio (nat'l) | PhP 11,939,514 |
Total Portfolio (USD) | USD 285,634.31 |
Active clients with loans | 1,372 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 60% - 80% |
Network affiliations | |
Funders |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Microloan | PHP 2,000 - 150,000 | 4.7 - 12 | 80% - 100% | 60% - 80% | Business | Women, Men, Have business, Must have max net income of 10,000 per family f 5 | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Market linkages |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Microloan | 30.0% annual, Flat | 0 Fees | 1 Ins | None | 20.0% upfront 50.00 ongoing | 50.9% - 64.2% | 99.4% - 136.3% | 28 |
Outstanding portfolio (USD) | USD 1,007,057 |
Portfolio (USD) | USD 1,007,057 |
Active Clients with Loans | 1,048 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 20% - 40% |
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 | |
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 | x |
Must be a salaried worker | |
Must be specific age group | x |
Other | |
Other (2) |
# Regions for this institution | 7 |
# Regions for this product | 6 |
Regions Active | Battambang, Kampong Cham, Kandal, Phnom Penh, PursatSiem Reap |
Currency | USD |
Minimum loan size | USD 100 |
Maximum loan size | 10,000 |
Loans less than USD 250 | 0 |
USD 250-1,000 | 15% |
USD 1,000-1,500 | 20% |
USD 1,500-2,000 | 30% |
USD 2,000-2,500 | 15% |
Greater than USD 2,500 | 15% |
Shortest loan term | 1.0 month |
Longest loan term | 24.0 months |
Approx average | 15.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 30% |
Between 13 and 18 months | 70% |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 2.25% |
Highest quoted nominal interest | 3.00% |
Reason(s) why interest rate varies | Loan Size |
Interest rate period | Monthly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | No |
Do borrowers control deposit in their group? | No |
% loan amount deposited | 3.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | Final Pmt |
Minimum interest rate paid | 3.00% |
Maximum interest rate paid | 3.00% |
Interest payment frequency | Monthly |
Are taxes charged on this product? | No |
Sample 2 | Sample 3 | Sample 4 | Sample 5 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | USD 300 | USD 600 | USD 1,200 | USD 1,800 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2012-10-26 | 2012-08-13 | 2012-09-11 | 2012-10-26 | |||
Loan Term (Months) | 13.0 months | 10.0 months | 12.0 months | 25.0 months | |||
Grace Period (Months) | 0.3 months | -0.1 months | 0.2 months | 0.5 months | |||
Total Cost of Credit | USD 52 | USD 91 | USD 201 | USD 532 | |||
True Price by Comp | |||||||
Interest price component | 30.0% | 33.4% | 30.0% | 27.1% | |||
Fee Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 1.7% | 1.8% | 1.7% | 1.5% | |||
Full APR (int fee ins tax dep) | 31.7% | 35.2% | 31.7% | 28.6% | |||
Transparency Index | 95 | 85 | 95 | 100 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
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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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