Number borrowers | 5,775 |
Loan Amount (range) | PHP 5,000 - 50,000 |
Loan Term (range) | 2 - 12 |
Other Services (text summary) | Group Mtgs, Tech Asst Visits, Business Training |
Annual Interest & Method | 24.0% annual, Flat |
Fees | 12.00% upfront 100.00 upfront |
Insurance | 0.70%-1.30% upfront |
Tax | 5.00% loan amt |
Comp Dep | 5.00% ongoing |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 72.8% - 75.5% (Int+Fee) |
Insurance Component | 3.1% - 3.6% |
Tax Component Range | 5.2% - 6.4% |
Full APR (int fee ins tax dep) | 85.1% - 86.8% |
Transparency Index (min/max) | 22 - 29 |
Transparency Index (average) | 28 |
92,141 |
BOB 300 - 18,000 |
4 - 12 |
Group Mtgs, Credit Ins, Business Training |
35.0% annual, Decl Bal |
None |
2.50 ongoing |
None |
10.00% ongoing |
18.1% - 35.1% |
0 |
0 - 5.3% |
0 |
39.3% - 58.9% |
56 - 89 |
68 |
Outstanding portfolio (PHP) | PHP 16,000,000 |
Portfolio (USD) | USD 382,775.12 |
Active Clients with Loans | 5,775 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
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 | |
Group meetings | x |
Credit insurance | |
Workplace visits | x |
Business training | x |
Other training | |
Other | |
Other (2) | |
No other services |
Men | |
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 | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (BOB) | BOB 252,053,764.60 |
Portfolio (USD) | USD 37,341,298.46 |
Active Clients with Loans | 92,141 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 80% - 100% |
Individual | |
Solidarity group | |
Village banking | x |
Self help group | |
Other |
Any purpose | x |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
Business training | x |
Other training | |
Other | |
Other (2) | |
No other services |
Men | x |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | Los clientes nuevos no necesitan tener un negocio (suficiente con un plan de negocio) |
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 5,000 |
Maximum loan size | 50,000 |
Shortest loan term | 2.0 months |
Longest loan term | 12.0 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 |
Currency | BOB |
Minimum loan size | BOB 300 |
Maximum loan size | 18,000 |
Loans less than BOB 10,000 | 80% |
BOB 10,000-40,000 | 20% |
BOB 40,000-70,000 | 0 |
BOB 70,000-100,000 | 0 |
BOB 100,000-125,000 | 0 |
Greater than BOB 125,000 | 0 |
Shortest loan term | 4.0 months |
Longest loan term | 12.0 months |
Approx average | 7.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 30% |
Between 7 and 9 months | 50% |
Between 10 and 12 months | 20% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | x |
Every 4 weeks | x |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 24.00% |
Highest quoted nominal interest | 24.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Service Fee (per annum) | Notarial Fee | |
% of loan amount - min | 12.00% | 0 | |
% of loan amount - max | 12.00% | 0 | |
OR, Fixed amount - min | 0 | 100 | |
Fixed amount - max | 0 | 100 | |
Reason for variation | N/A | ||
Appears on Repayment Sched? | No | No |
Ins 1 | |
---|---|
Description | Life Insurance |
% of loan amount - min | 0.70% |
% of loan amount - max | 1.30% |
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? | Yes |
Do borrowers control deposit in their group? |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 5.00% - N/A |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 0.50% |
Maximum interest rate paid | 0.50% |
Interest payment frequency | Quarterly |
Are taxes charged on this product? | Yes |
Percentage of fees | 0 |
All or some fees taxed | N/A |
Lowest quoted nominal interest | 35.00% |
Highest quoted nominal interest | 35.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Ins 1 | |
---|---|
Description | Paquete de Seguro Desgravamen y Vida |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 2.50 |
Fixed amount - max | 2.50 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Required for | All |
Criteria | First cycle loans: 0% upfront deposit requirement. Multiple cycle loans - 20% upfront deposit requirement |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? | No |
% loan amount deposited | 0 - 20.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 10.00% |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | Final Pmt |
Minimum interest rate paid | 0.06% |
Maximum interest rate paid | 0.80% |
Interest payment frequency | Monthly |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | PHP 7,000 | PHP 15,000 | PHP 30,000 | ||
Loan Cycle (1, 2, 3, etc) | 3 | 11 | Not Known | ||
Disbursement Date | 2011-04-15 | 2011-06-08 | 2010-11-12 | ||
Loan Term (Months) | 6.0 months | 5.9 months | 11.8 months | ||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | Not Known | Not Known | Not Known | ||
True Price by Comp | |||||
Interest and Fee Component | 75.5% | 72.9% | 72.8% | ||
Insurance Component | 3.1% | 3.2% | 3.4% | ||
Tax Component | 5.2% | 5.2% | 6.1% | ||
Deposit Component | 2.9% | 3.9% | 3.7% | ||
Full APR (int fee ins tax dep) | 86.8% | 85.1% | 85.9% | ||
Transparency Index | 28 | 28 | 28 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | BOB 1,000 | BOB 3,000 | BOB 5,000 | BOB 7,000 | BOB 9,000 | BOB 16,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2013-12-06 | 2013-12-06 | 2013-12-06 | 2013-12-06 | 2013-12-06 | 2013-12-06 | |||||
Loan Term (Months) | 7.0 months | 5.6 months | 7.0 months | 11.0 months | 5.6 months | 11.0 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 | BOB 146 | BOB 307.32 | BOB 651.68 | BOB 1,328.64 | BOB 891.96 | BOB 2,999.96 | |||||
True Price by Comp | |||||||||||
Interest price component | 35.0% | 35.1% | 35.0% | 35.0% | 35.0% | 35.0% | |||||
Fee Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Insurance Component | 5.3% | 1.7% | 1.1% | 0.8% | 0.6% | 0.4% | |||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Deposit Component | 2.8% | 2.5% | 22.8% | 22.5% | 21.9% | 22.2% | |||||
Full APR (int fee ins tax dep) | 43.1% | 39.3% | 58.9% | 58.3% | 57.5% | 57.6% | |||||
Transparency Index | 81 | 89 | 59 | 60 | 61 | 61 | |||||
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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