Number borrowers | 6,800 |
Loan Amount (range) | PHP 15,000 - 29,000 |
Loan Term (range) | 3 - 12 |
Other Services (text summary) | Credit Educ, Group Mtgs, Tech Asst Visits, Business Training, Other Training |
Annual Interest & Method | 30.0% annual, Flat |
Fees | None |
Insurance | 2.50% upfront |
Tax | None |
Comp Dep | 5.0% upfront 50.00 ongoing |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 61.8% - 63.2% (Int+Fee) |
Insurance Component | 0 - 22.1% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 83.3% - 95.1% |
Transparency Index (min/max) | 26 - 46 |
Transparency Index (average) | 34 |
880 |
BOB 35,000 - 3,500,000 |
3 - 120 |
Credit Ins |
6.0%-23.0% annual, Decl Bal |
None |
0.25%-9.96% ongoing Y |
None |
N/A |
9.9% - 28.9% |
0 |
0.9% - 1.9% |
0 |
11.0% - 24.8% |
24 - 67 |
37 |
Outstanding portfolio (PHP) | PHP 32,000,000 |
Portfolio (USD) | USD 765,550.24 |
Active Clients with Loans | 6,800 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 20% - 40% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
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 | |
Workplace visits | x |
Business training | x |
Other training | x |
Other | |
Other (2) | |
No other services |
Men | x |
Women | x |
Must run a business | x |
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 |
Outstanding portfolio (BOB) | BOB 113,951,172 |
Portfolio (USD) | USD 16,881,655.11 |
Active Clients with Loans | 880 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 60% - 80% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | Compra de Vivienda |
Other (2) | Construcción |
Credit education | |
Group meetings | |
Credit insurance | x |
Workplace visits | |
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 | x |
Must be a salaried worker | x |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 9 |
# Regions for this product | 9 |
Regions Active | Beni , Chuquisaca , Cochabamba , La Paz , Oruro , Pando , PotosÃ, Santa Cruz, Tarija |
Currency | PHP |
Minimum loan size | PHP 15,000 |
Maximum loan size | 29,000 |
Shortest loan term | 3.0 months |
Longest loan term | 12.0 months |
Approx average | 0 |
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 |
Currency | BOB |
Minimum loan size | BOB 35,000 |
Maximum loan size | 3,500,000 |
Loans less than BOB 10,000 | 0 |
BOB 10,000-40,000 | 10% |
BOB 40,000-70,000 | 15% |
BOB 70,000-100,000 | 15% |
BOB 100,000-125,000 | 10% |
Greater than BOB 125,000 | 10% |
Shortest loan term | 3.0 months |
Longest loan term | 120.0 months |
Approx average | 97.0 months |
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 | 0 |
Longer than 18 months | 100% |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | x |
Quarterly | x |
Every 6 months | x |
Every 12 months | |
Single end payment | |
Irregular payments | x |
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 |
Ins 1 | |
---|---|
Description | Loan Redemption Fee |
% of loan amount - min | 2.50% |
% of loan amount - max | 2.50% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/a |
Appears on Repayment Sched? | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | |
Do borrowers control deposit in their group? |
% loan amount deposited | 5.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | PHP 50 |
Conditions on access to deposit | Access During |
Minimum interest rate paid | 4.00% |
Maximum interest rate paid | 5.00% |
Interest payment frequency | Quarterly |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 6.00% |
Highest quoted nominal interest | 23.00% |
Reason(s) why interest rate varies | Loan Size |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | Yes |
Is rate fixed for entire loan term | Yes |
Ins 1 | Ins 2 | ||
---|---|---|---|
Description | Seguro de Desgravamen | Seguro de todo Riesgo | |
% of loan amount - min | 0.25% | 0 | |
% of loan amount - max | 9.96% | 0.80% | |
OR, Fixed amount - min | 0 | 0 | |
Fixed amount - max | 0 | 0 | |
Reason for variation | Fee is 0.083%, charged each month on the outstanding loan principal only. | Fee is 0.0067% per month, charged on the oustanding loan principal balance only. Charged only if value of collateral is insufficient. | |
Appears on Repayment Sched? | Yes | Yes |
Required for | Never |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | N/A |
Do borrowers control deposit in their group? | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
Conditions on access to deposit | N/A |
Minimum interest rate paid | N/A |
Maximum interest rate paid | N/A |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | PHP 15,000 | PHP 16,000 | PHP 27,000 | PHP 29,000 | |||
Loan Cycle (1, 2, 3, etc) | 10 | 3 | 14 | 14 | |||
Disbursement Date | 2011-07-21 | 2011-07-19 | 2011-07-07 | 2011-07-11 | |||
Loan Term (Months) | 2.8 months | 5.4 months | 5.4 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 | 61.8% | 62.5% | 63.2% | 62.5% | |||
Insurance Component | 22.1% | 11.7% | 11.9% | 11.7% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 11.2% | 11.4% | 9.6% | 9.2% | |||
Full APR (int fee ins tax dep) | 95.1% | 85.5% | 84.7% | 83.3% | |||
Transparency Index | 32 | 35 | 35 | 36 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | BOB 57,000 | BOB 80,000 | BOB 100,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-12-12 | 2014-04-01 | 2014-04-01 | ||
Loan Term (Months) | 97.0 months | 61.0 months | 73.0 months | ||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | BOB 51,807.68 | BOB 22,522.01 | BOB 76,274.05 | ||
True Price by Comp | |||||
Interest price component | 17.2% | 9.9% | 23.7% | ||
Fee Component | 0.0% | 0.0% | 0.0% | ||
Insurance Component | 1.1% | 1.1% | 1.1% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 18.3% | 11.0% | 24.8% | ||
Transparency Index | 33 | 54 | 24 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Key Statistics | |
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# 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 |
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