| Institution Type | Non-Governmental Organization |
| Is this institution regulated? | No |
| Website address | N/A |
| Year established | 2002 |
| Head of Institution | Maria Anna de Rosas-Ignacio |
| Regions active | |
| # Branches | 17 |
| Total Portfolio (nat'l) | PhP 87,849,633 |
| Total Portfolio (USD) | USD 2,101,665.86 |
| Active clients with loans | 17,800 |
| Approximate % female clients | 80% - 100% |
| Approximate % urban clients | 80% - 100% |
| Network affiliations | Microfinance Council of the Philippines, Inc. (MCPI), Partnership for Philippine Support Service Agencies (PHILSSA), Philippine Council for NGO Certification (PCNC), RIMANSI (K-MBA) |
| Funders | PCFC, BPI Bangko, Peace and Equity Foundation |
| Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| K-Edukasyon | PHP 3,000 - 15,000 | 3 - 6 | 80% - 100% | 80% - 100% | Education | Women, Men, Have home or land, Has an existing K-Negosyo loan | Group Mtgs | |||||||
| K-Kalusugan | PHP 380 - 3,920 | 3 - 6 | 80% - 100% | 80% - 100% | Health | Women, Men, Have home or land, Must be in loan cycle 2 of K-Negosyo | Group Mtgs, Health checks | |||||||
| K-Negosyo | PHP 3,000 - 150,000 | 3 - 9 | 80% - 100% | 80% - 100% | Business | Women, Men, Have home or land | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Life Insurance, Fire and Catastrophe Insurance (by 2011) |
| Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| K-Edukasyon | 30.0% annual, Flat | 0 Fees | 0 Ins | None | N/A | 57.2% - 58.3% | 57.2% - 58.3% | 51 | ||||||||
| K-Kalusugan | 30.0% annual, Flat | 0 Fees | 0 Ins | None | N/A | 57.8% - 60.3% | 57.8% - 60.3% | 50 | ||||||||
| K-Negosyo | 30.0% annual, Flat | 1 Fee | 2 Ins | None | 55.00 ongoing | 70.6% - 71.5% | 66% - 158.3% | 35 |
| Outstanding portfolio (BOB) | BOB 2,939,005 |
| Portfolio (USD) | USD 435,408.15 |
| Active Clients with Loans | 141 |
| Approximate % Female Clients | 0% - 20% |
| Approximate % Urban Clients | 80% - 100% |
| Individual | x |
| Solidarity group | |
| Village banking | |
| Self help group | |
| Other |
| Any purpose | x |
| Income generation | |
| Mortgage/housing | |
| Consumer loan | |
| Agriculture | |
| Education | |
| Other household finance | |
| Other | |
| Other (2) |
| Credit education | x |
| Group meetings | |
| Credit insurance | x |
| Workplace visits | x |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | x |
| Must own a home or land | |
| Must be a salaried worker | x |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | N/A |
| # Regions for this product | N/A |
| Regions Active |
| Currency | BOB |
| Minimum loan size | BOB 70,000 |
| Maximum loan size | 70,000 |
| Shortest loan term | 60.0 months |
| Longest loan term | 60.0 months |
| Approx average | 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 | 16.00% |
| Highest quoted nominal interest | 16.00% |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | |
| Is rate fixed for entire loan term | Yes |
| Fee 1 | |
|---|---|
| Description | Seguro de Vida |
| % of loan amount - min | 6.00% |
| % of loan amount - max | 6.00% |
| OR, Fixed amount - min | 0 |
| Fixed amount - max | 0 |
| Reason for variation | N/A |
| Appears on Repayment Sched? | Yes |
| Required for | All |
| Criteria | N/A |
| Is deposit indicated on the repayment schedule? | |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | BOB 50 - N/A |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 - BOB 50 |
| Conditions on access to deposit | Final Pmt |
| Minimum interest rate paid | 1.00% |
| Maximum interest rate paid | 1.00% |
| Interest payment frequency | Monthly |
| Are taxes charged on this product? | Yes |
| Percentage of fees | 0 |
| All or some fees taxed | N/A |
| Sample 1 | Sample 2 | ||
|---|---|---|---|
| Loan Amount | BOB 70,000 | BOB 70,000 | |
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | |
| Disbursement Date | 2010-08-12 | 2010-09-20 | |
| Loan Term (Months) | 60.0 months | 60.0 months | |
| Grace Period (Months) | 0.0 months | 0.0 months | |
| Total Cost of Credit | Not Known | Not Known | |
| True Price by Comp | |||
| Interest and Fee Component | 16.9% | 16.9% | |
| Insurance Component | 0.0% | 0.0% | |
| Tax Component | 0.6% | 0.6% | |
| Deposit Component | 0.0% | 0.0% | |
| Full APR (int fee ins tax dep) | 17.6% | 17.6% | |
| Transparency Index | 91 | 91 | |
| Original Repayment Schedule | |||
| MFT Pricing Calculation |
| 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 |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
|---|---|---|---|---|---|---|---|
| X Axis | ||||||
|---|---|---|---|---|---|---|
| Greater than: | ||||||
| Less or equal to: | ||||||
| N (# of Samples) | ||||||
| Total Borrrowers of Samples | ||||||
| Avg | ||||||
| Min | ||||||
| Max | ||||||
| Std Dev | ||||||
| By Inst Type | ||||||
| By Country | ||||||
| X Axis | ||||||
|---|---|---|---|---|---|---|
| Greater than: | ||||||
| Less or equal to: | ||||||
| From 0 to | ||||||
| to | ||||||
| to | ||||||
| to ∞ | ||||||
