| Number borrowers | 17,800 |
| Loan Amount (range) | PHP 3,000 - 150,000 |
| Loan Term (range) | 3 - 9 |
| Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Life Insurance, Fire and Catastrophe Insurance (by 2011) |
| Annual Interest & Method | 30.0% annual, Flat |
| Fees | 2.00%-4.50% upfront |
| Insurance | 0.38%-1.13% upfront 15.00 ongoing |
| Tax | None |
| Comp Dep | 55.00 ongoing |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 70.6% - 71.5% (Int+Fee) |
| Insurance Component | 0 - 48.8% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 66.0% - 158.3% |
| Transparency Index (min/max) | 19 - 52 |
| Transparency Index (average) | 35 |
| Outstanding portfolio (PHP) | PHP 83,154,133.83 |
| Portfolio (USD) | USD 1,989,333.35 |
| Active Clients with Loans | 17,800 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 80% - 100% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other | Borrower needs 2 co-makers as guarantors |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | x |
| Credit insurance | x |
| Workplace visits | x |
| Business training | x |
| Other training | |
| Other | Life Insurance |
| Other (2) | Fire and Catastrophe Insurance (by 2011) |
| No other services |
| Men | x |
| Women | x |
| Must run a business | |
| Must own a home or land | x |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Currency | PHP |
| Minimum loan size | PHP 3,000 |
| Maximum loan size | 150,000 |
| Shortest loan term | 3.0 months |
| Longest loan term | 9.0 months |
| Approx average | 6.0 months |
| Grace period usage | 0 |
| Average grace period | 0 |
| 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 |
| 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 |
| Fee 1 | |
|---|---|
| Description | Processing Fee |
| % of loan amount - min | 2.00% |
| % of loan amount - max | 4.50% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | Loan Redemption Fund |
| % of loan amount - min | 0.38% |
| % of loan amount - max | 1.13% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Ins 1 | |
|---|---|
| Description | K-MBA (Life Insurance) |
| % of loan amount - min | 0 |
| % of loan amount - max | 0 |
| OR, Fixed amount - min | 15 |
| Fixed amount - max | 15 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | No |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | PHP 55 |
| Conditions on access to deposit | Access During |
| Minimum interest rate paid | 5.00% |
| Maximum interest rate paid | 5.00% |
| Interest payment frequency | Monthly |
| Are taxes charged on this product? | No |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | PHP 3,000 | PHP 8,000 | PHP 15,000 | PHP 32,000 | PHP 50,000 | PHP 100,000 | |||||
| Loan Cycle (1, 2, 3, etc) | 1 | 5 | 5 | 13 | 20 | 14 | |||||
| Disbursement Date | 2011-04-27 | 2011-04-26 | 2011-04-26 | 2011-04-13 | 2011-04-06 | 2010-11-04 | |||||
| Loan Term (Months) | 5.8 months | 3.5 months | 5.8 months | 5.8 months | 5.8 months | 5.8 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 | 70.6% | 71.0% | 71.5% | 70.6% | 70.6% | 71.5% | |||||
| Insurance Component | 48.8% | 20.1% | 12.8% | 7.7% | 6.1% | 4.8% | |||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Deposit Component | 38.8% | -25.0% | 6.3% | 2.6% | 1.6% | 0.8% | |||||
| Full APR (int fee ins tax dep) | 158.3% | 66.0% | 90.5% | 81.0% | 78.4% | 77.1% | |||||
| Transparency Index | 19 | 45 | 33 | 37 | 38 | 39 | |||||
| Original Repayment Schedule | |||||||||||
| MFT Pricing Calculation |
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| % Products with one or more fee | |
| % Products with one or more insurances | |
| % Products with compulsory deposits |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
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