Katipunan Bank (ZN), Inc - ASENSO Loan - MFTransparency.org Truth In Lending Tables

Please note that the information you are viewing is 158 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Please note that the information you are viewing is 139 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Katipunan Bank (ZN), Inc Quezon Ave. cor. Aguilar St.MiputakDipolog City, Zamboanga del Norte/Region IX7100

Data approved: 2011-11-15

Data version: 1

Age of data: 158 months

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Institution

Singhivi Investment & Finance Pvt. Ltd. 4th Floor, Temple Tower, 672 Anna Salai, NandanamChennai, Tamil Nadu600035

Data approved: 2013-02-20

Data version: 3

Age of data: 139 months

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Product

ASENSO Loan Product 1 of 2 « Prev | Next »

Product

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Product Summary

Number borrowers	5,719
Loan Amount (range)	PHP 10,000 - 150,000
Loan Term (range)	1 - 12
Other Services (text summary)	Business Training, Other Training, Tie-up with other agencies (DTI, TESDA) for trainings
Annual Interest & Method	30.0% annual, Flat
Fees	100.00 upfront 3.00%-4.00% ongoing
Insurance	1.50% upfront 20.00 ongoing
Tax	None
Comp Dep	100.00 upfront 10.00% ongoing
Range of pricing
Interest Price Component	N/A
Fee Component	66.1% - 74.4% (Int+Fee)
Insurance Component	5.1% - 72.3%
Tax Component Range	0 - 1.2%
Full APR (int fee ins tax dep)	79.2% - 103.5%
Transparency Index (min/max)	17 - 38
Transparency Index (average)	34

Product Summary

45,000
INR 12,000 - 18,000
18 - 24
Credit Educ, Group Mtgs, Credit Ins
25.5% annual, Decl Bal
1.00% upfront
1.46% upfront
12.36% fees
N/A

24.4% - 25.4%
1.0% - 2.1%
1.5% - 2.2%
0.1% - 0.3%
27.6% - 28.2%
87 - 92
91

Product Details

Key Statistics

Outstanding portfolio (PHP)	PHP 75,062,850
Portfolio (USD)	USD 1,795,761.96
Active Clients with Loans	5,719
Approximate % Female Clients	60% - 80%
Approximate % Urban Clients	40% - 60%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other	MABS Approach

Description

An Asenso Loan is an individual microfinance loan product for microenterprises to help them expand their present business activities and increase their income.

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
Credit insurance
Workplace visits
Business training	x
Other training	x
Other	Tie-up with other agencies (DTI, TESDA) for trainings
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	x
Other	18-65 years old
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

Product Details

Key Statistics

Outstanding portfolio (INR)	INR 550,000,000
Portfolio (USD)	USD 10,377,358.49
Active Clients with Loans	45,000
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	80% - 100%

Methodology

Individual
Solidarity group	x
Village banking
Self help group
Other

Description

Primary microcredit loan given under the JLG model for the purpose of capital infusion into members for existing business

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
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
Household income <60,000 INR	x
Household income <120,000 INR	x
Must live in rural area
Must lives in urban area
Other
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	2
# Regions for this product	2
Regions Active	Tamil Nadu, Puducherry

Loan Conditions

Loan Amount

Currency	PHP
Minimum loan size	PHP 10,000
Maximum loan size	150,000

Loan Term and Grace Period

Shortest loan term	1.0 month
Longest loan term	12.0 months
Approx average	0

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

Daily
Weekly	x
Every 2 weeks	x
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount

Currency	INR
Minimum loan size	INR 12,000
Maximum loan size	18,000

Distribution at Disbursement (Est.)

Loans less than INR 5,000	0
INR 5,000-15,000	50%
INR 15,000-25,000	50%
INR 25,000-35,000	0
INR 35,000-45,000	0
Greater than INR 45,000	0

Loan Term and Grace Period

Shortest loan term	18.0 months
Longest loan term	24.0 months
Approx average	24.0 months

Distribution at Disbursement (Est.)

Loans 3 months or less	0
Between 4 and 6 months	0
Between 7 and 9 months	0
Between 10 and 12 months	0
Between 13 and 18 months	10%
Longer than 18 months	90%

Grace Period

Grace period usage	100%
Average grace period	DK

Repayment Frequency

Daily
Weekly	x
Every 2 weeks	x
Every 4 weeks	x
Monthly	x
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

	Fee 1
Description	Notarial Fee
% of loan amount - min	0
% of loan amount - max	0
OR, Fixed amount - min	100
Fixed amount - max	100
Reason for variation
Appears on Repayment Sched?	No

Ongoing Fees

	Fee 1
Description	Service Charge
% of loan amount - min	3.00%
% of loan amount - max	4.00%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	4% if above 18 days
Appears on Repayment Sched?	No

Upfront Insurance Fees

	Ins 1
Description	Loan Redemption Plan
% of loan amount - min	1.50%
% of loan amount - max	1.50%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
Appears on Repayment Sched?	No

Ongoing Insurance Fees

	Ins 1
Description	MBA (Microinsurance)
% of loan amount - min	0
% of loan amount - max	0
OR, Fixed amount - min	20
Fixed amount - max	20
Reason for variation	N/A
Appears on Repayment Sched?	Yes

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	0
or, Fixed-amount deposited	PHP 100

Deposits DURING period payments

% loan amount deposited	10.00%
or, Fixed-amount deposited	0
Conditions on access to deposit	Access During

Interest Paid on Deposit

Minimum interest rate paid	3.00%
Maximum interest rate paid	3.00%
Interest payment frequency	Quarterly

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Additional Comments

Credit Insurance is 1.5% per annum; TAXES: Documentary Stamps - Above 5, loan amount only - (Loan Amount less 5,)/2;

Pricing Information

Interest

Lowest quoted nominal interest	25.50%
Highest quoted nominal interest	25.50%
Interest rate period	Yearly
Interest Rate Calculation Method	Decl Bal
Subsidized by funder request?	No
Is rate fixed for entire loan term	Yes

Upfront Fees

	Fee 1
Description	Processing Fee
% 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?	Yes

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Term Life Insurance
% of loan amount - min	1.46%
% of loan amount - max	1.46%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
Appears on Repayment Sched?	Yes

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	Never
Criteria	N/A
Is deposit indicated on the repayment schedule?	N/A
Do borrowers control deposit in their group?	N/A

Deposit BEFORE or AT Disbursement

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A

Deposits DURING period payments

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A
Conditions on access to deposit	N/A

Interest Paid on Deposit

Minimum interest rate paid	N/A
Maximum interest rate paid	N/A
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	Yes
Percentage of fees	12.4%
All or some fees taxed	Some

Full Pricing Data

ASENSO Loan samples

	Sample 1	Sample 2	Sample 3	Sample 4	Sample 5
Loan Amount	PHP 15,000	PHP 30,000	PHP 60,000	PHP 100,000	PHP 120,000
Loan Cycle (1, 2, 3, etc)	4	Not Known	Not Known	Not Known	Not Known
Disbursement Date	2011-04-20	2010-11-30	2011-07-06	2011-01-20	2010-12-15
Loan Term (Months)	5.6 months	8.4 months	11.2 months	4.7 months	11.2 months
Grace Period (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
True Price by Comp
Interest and Fee Component	74.4%	71.0%	66.3%	68.4%	66.1%
Insurance Component	18.9%	10.7%	6.5%	9.0%	5.1%
Tax Component	0.0%	0.0%	0.2%	1.2%	0.7%
Deposit Component	10.2%	8.6%	7.5%	7.0%	7.3%
Full APR (int fee ins tax dep)	103.5%	90.3%	80.5%	85.6%	79.2%
Transparency Index	29	33	37	35	38

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

Full Pricing Data

Third Cycle Loan samples

	Sample 1	Sample 2	Sample 3
Loan Amount	INR 18,000	INR 18,000	INR 18,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known
Disbursement Date	2013-02-28	2013-02-28	2013-02-28
Loan Term (Months)	24.0 months	24.0 months	24.0 months
Grace Period (Months)	0.0 months	0.0 months	0.2 months
Total Cost of Credit	INR 5,488.25	INR 5,601.25	INR 5,601.25
True Price by Comp
Interest price component	25.4%	25.3%	24.9%
Fee Component	1.1%	1.0%	1.1%
Insurance Component	1.6%	1.6%	1.5%
Tax Component	0.1%	0.1%	0.1%
Deposit Component	0.0%	0.0%	0.0%
Full APR (int fee ins tax dep)	28.2%	28.0%	27.6%
MFIN MFI Earning (Annualised)	26.5%	26.3%	26.0%
MFIN Cost to Borrower (Annualised)	28.2%	28.0%	27.6%
Transparency Index	90	91	92
MFIN Transparency Index	100	100	100

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

* The APR stated here is an MFTransparency term, definition and formula

ASENSO Loan Price Graphs

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Third Cycle Loan Price Graphs

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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

	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 ∞

Institution

Institution

Product

Product

Product Summary

Product Summary

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Product Details

Key Statistics

Methodology

Description

Loan Purpose

Included Services

Eligibility

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

Loan Conditions

Loan Amount

Loan Term and Grace Period

Grace Period

Repayment Frequency

Loan Conditions

Loan Amount

Distribution at Disbursement (Est.)

Loan Term and Grace Period

Distribution at Disbursement (Est.)

Grace Period

Repayment Frequency

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Compulsory Deposit

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Additional Comments

Pricing Information

Interest

Upfront Fees

Ongoing Fees

Upfront Insurance Fees

Ongoing Insurance Fees

Compulsory Deposit

Deposit BEFORE or AT Disbursement

Deposits DURING period payments

Interest Paid on Deposit

Taxes

Full Pricing Data

ASENSO Loan samples

Full Pricing Data

Third Cycle Loan samples

ASENSO Loan Price Graphs

Third Cycle Loan Price Graphs

Total Borrowers of Samples

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