Institution Type | RurBank |
Is this institution regulated? | Yes |
Website address | N/A |
Year established | 1970 |
Head of Institution | Praxedes Asuncion-Ignacio, DBM |
Regions active | |
# Branches | 17 |
Total Portfolio (nat'l) | PhP 27,090,831.76 |
Total Portfolio (USD) | USD 648,106.02 |
Active clients with loans | 6,570 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 0% - 20% |
Network affiliations | Microfinance Council of the Philippines, Inc., Rural Bankers Association of the Philippines |
Funders |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Masipag Loan | PHP 5,000 - 100,000 | 3 - 12 | 80% - 100% | 0% - 20% | Business | Women, Men, Have business | Tech Asst Visits, Business Training | |||||||
Micropinay | PHP 5,000 - 50,000 | 2 - 12 | 80% - 100% | 0% - 20% | Business | Women, Have business | Group Mtgs, Tech Asst Visits, Business Training |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Masipag Loan | 30.0% annual, Flat | 2 Fees | 1 Ins | 5.00% loan amt | 5.00% ongoing | 81.2% - 86.8% | 103% - 137.3% | 25 | ||||||||
Micropinay | 24.0% annual, Flat | 2 Fees | 1 Ins | 5.00% loan amt | 5.00% ongoing | 72.8% - 75.5% | 85.1% - 86.8% | 28 |
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