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 |
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% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other | MABS Approach |
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 | x |
Other training | x |
Other | Tie-up with other agencies (DTI, TESDA) for trainings |
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 | |
Must be specific age group | x |
Other | 18-65 years old |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (PKR) | PKR 1,035,507.98 |
Portfolio (USD) | USD 10,168.69 |
Active Clients with Loans | 19 |
Approximate % Female Clients | 0 |
Approximate % Urban Clients | 0 |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | x |
Education | |
Other household finance | |
Other | |
Other (2) |
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 | |
Other | |
Other (2) |
# Regions for this institution | 6 |
# Regions for this product | N/A |
Regions Active |
Currency | PHP |
Minimum loan size | PHP 10,000 |
Maximum loan size | 150,000 |
Shortest loan term | 1.0 month |
Longest loan term | 12.0 months |
Approx average | 0 |
Grace period usage | 0 |
Average grace period | 0 |
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 |
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 | 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 |
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 |
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 |
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 |
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 | PHP 100 |
% loan amount deposited | 10.00% |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | Access During |
Minimum interest rate paid | 3.00% |
Maximum interest rate paid | 3.00% |
Interest payment frequency | Quarterly |
Are taxes charged on this product? | No |
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 | |||||||||
MFT Pricing Calculation |
Key Statistics | |
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# 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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