Kabalikat para sa Maunlad na Buhay, Inc. - Group Loan - MFTransparency.org Truth In Lending Tables

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Institution

Kabalikat para sa Maunlad na Buhay, Inc. 12 San Francisco St.KaruhatanValenzuela City1441

Data approved: 2011-11-15

Data version: 1

Age of data: 158 months

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Product

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Product Details

Key Statistics

Outstanding portfolio (PHP)	PHP 631,134,086
Portfolio (USD)	USD 15,098,901.58
Active Clients with Loans	245,017
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	60% - 80%

Methodology

Individual
Solidarity group
Village banking
Self help group
Other	Solidarity group between 30 to 40 individuals.

Description

Group loan is an additional financial provision to all women microentrepreneurial poor. Minimum of 30, maximum of 40. Initial loan of Php4000 and maximum of Php20000 with an interest 3.33% per month.

Loan Purpose

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

Included Services

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

Eligibility

Men
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)

# 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 4,000
Maximum loan size	20,000

Loan Term and Grace Period

Shortest loan term	6.0 months
Longest loan term	6.0 months
Approx average	6.0 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	3.33%
Highest quoted nominal interest	3.33%
Interest rate period	Monthly
Interest Rate Calculation Method	Flat
Subsidized by funder request?
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Processing Fee
% of loan amount - min	1.50%
% of loan amount - max	1.50%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation
Appears on Repayment Sched?	No

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Microinsurance
% of loan amount - min	0
% of loan amount - max	0
OR, Fixed amount - min	196
Fixed amount - max	206
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?	Yes

Deposit BEFORE or AT Disbursement

% loan amount deposited	5.00%
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	PHP 40
Conditions on access to deposit	When Leaving

Interest Paid on Deposit

Minimum interest rate paid	2.00%
Maximum interest rate paid	2.00%
Interest payment frequency	End Term

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

Group Loan samples

	Sample 1	Sample 2	Sample 3	Sample 4
Loan Amount	PHP 7,000	PHP 7,000	PHP 13,000	PHP 16,000
Loan Cycle (1, 2, 3, etc)	6	Not Known	6	6
Disbursement Date	2011-08-05	2011-09-01	2011-08-05	2011-09-01
Loan Term (Months)	5.6 months	6.0 months	6.0 months	6.0 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	85.7%	93.8%	85.7%	93.8%
Insurance Component	13.1%	14.5%	7.0%	6.3%
Tax Component	0.0%	0.0%	0.0%	0.0%
Deposit Component	22.5%	26.9%	15.0%	15.9%
Full APR (int fee ins tax dep)	121.3%	135.2%	107.7%	116.0%
Transparency Index	33	30	37	34

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

Group Loan Price Graphs

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
KBL	468,300	120,082,000	16	113
KF	233,600	41,416,000	4	112
NRSP	399,900	70,157,000	3	113
ASA	230,400	29,637,000	3	113
TMFB	221,200	85,449,000	7	113
FMFB	163,544	38,481,323	9	131
TRDP	100,000	13,817,000	3	113
PRSP	75,656	9,907,176	3	131
BRAC^P	57,300	11,869,000	3	113
SRSO	51,100	7,775,000	3	113
SSF	46,000	4,776,000	3	113
FINCA	82,000	43,559,000	9	113
JWS	36,000	6,545,000	2	113
RCDS	35,552	4,856,122	4	131
DAMEN	35,185	7,150,864	1	131
FFO	22,400	3,335,000	3	113
OLP	21,400	3,510,000	3	113
CSC	17,600	3,147,000	1	113
AMRDO	13,800	1,206,000	5	113
WMBL	13,800	6,105,000	3	113
Mojaz	13,400	2,415,000	2	113
SDF	11,500	1,041,000	4	113
POMFB	8,500	2,795,000	4	113
OPD	7,500	918,000	2	113
AGAHE	7,300	797,000	2	113
NRDP	6,184	1,521,972	3	131
GBTI	6,100	669,000	3	131
WASIL	4,300	1,135,000	2	113
Micro Options	4,000	768,000	5	113
VDO	3,900	489,000	3	131
SVDP	3,900	811,000	13	131
SRDO	3,500	766,000	4	113
OSDI	2,000	923,000	3	113
APMBL	1,800	1,401,000	3	113
BEDF	1,400	209,000	3	131
KCDO	800	94,000	1	131

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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