Number borrowers | 4,364 |
Loan Amount (range) | PHP 6,200 - 12,400 |
Loan Term (range) | 2 - 12 |
Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training |
Annual Interest & Method | 21.0%-60.0% annual, Flat |
Fees | 3.00% upfront 100.00 upfront |
Insurance | 24.80-297.60 upfront |
Tax | None |
Comp Dep | 20.0% upfront 80.00 ongoing |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 49.7% (Int+Fee) |
Insurance Component | 4.5% - 5.6% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 104.4% |
Transparency Index (min/max) | 20 - 88 |
Transparency Index (average) | 20 |
1,142 |
USD 150 - 15,000 |
4 - 60 |
Credit Ins |
18.0%-34.0% annual, Decl Bal |
None |
0.16%-2.40% ongoing |
None |
N/A |
19.8% - 36.7% |
0 - 1.5% |
0 - 0.5% |
0 |
22.6% - 31.0% |
52 - 94 |
60 |
Outstanding portfolio (PHP) | PHP 29,689,334.19 |
Portfolio (USD) | USD 710,271.15 |
Active Clients with Loans | 4,364 |
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 | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | x |
Business training | x |
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 | |
Must be specific age group | x |
Other | 18-69 y.o. |
Other (2) | CI/BI |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (USD) | USD 2,510,126.83 |
Portfolio (USD) | USD 2,510,126.83 |
Active Clients with Loans | 1,142 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 20% - 40% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | x |
Education | |
Other household finance | |
Other | |
Other (2) |
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 | |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 6 |
# Regions for this product | 6 |
Regions Active | Chuquisaca , Cochabamba , Oruro , Potosí, Santa Cruz, Tarija |
Currency | PHP |
Minimum loan size | PHP 6,200 |
Maximum loan size | 12,400 |
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 | x |
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 | USD |
Minimum loan size | USD 150 |
Maximum loan size | 15,000 |
Loans less than USD 1,500 | 10% |
USD 1,500-5,000 | 80% |
USD 5,000-10,000 | 10% |
USD 10,000-15,000 | 0 |
USD 15,000-18,000 | 0 |
Greater than USD 18,000 | 0 |
Shortest loan term | 4.0 months |
Longest loan term | 60.0 months |
Approx average | 26.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 5% |
Between 13 and 18 months | 5% |
Longer than 18 months | 90% |
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 |
Lowest quoted nominal interest | 1.75% |
Highest quoted nominal interest | 5.00% |
Reason(s) why interest rate varies | Time as Client, Client Risk |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Service Charge | Notarial Fee | |
% of loan amount - min | 3.00% | 0 | |
% of loan amount - max | 3.00% | 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 | Loan Insurance |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 24.80 |
Fixed amount - max | 297.60 |
Reason for variation | PHP 2. per one thousand x no. of months |
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 | 20.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | PHP 80 |
Conditions on access to deposit | Access During |
Minimum interest rate paid | 5.00% |
Maximum interest rate paid | 5.00% |
Interest payment frequency | Quarterly |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 18.00% |
Highest quoted nominal interest | 34.00% |
Reason(s) why interest rate varies | Time as Client, Loan Size, Client Risk, Collateral, Loan Purpose |
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 | El Cliente Seguro de Vida |
% of loan amount - min | 0.16% |
% of loan amount - max | 2.40% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | La comisión es 0.04% mensual cargado sólo al saldo del préstamo pendiente. |
Appears on Repayment Sched? | 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 | |||
---|---|---|---|---|---|
Loan Amount | PHP 7,400 | PHP 7,400 | PHP 7,400 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2011-07-30 | 2011-08-08 | 2011-08-08 | ||
Loan Term (Months) | 6.1 months | 6.1 months | 6.1 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 | 49.7% | 49.7% | 49.7% | ||
Insurance Component | 4.9% | 4.9% | 4.9% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 49.7% | 49.7% | 49.7% | ||
Full APR (int fee ins tax dep) | 104.4% | 104.4% | 104.4% | ||
Transparency Index | 20 | 20 | 20 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | USD 3,000 | USD 5,000 | USD 5,250 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-12-12 | 2013-12-12 | 2013-04-17 | ||
Loan Term (Months) | 48.0 months | 18.0 months | 48.0 months | ||
Grace Period (Months) | 0.1 months | 0.1 months | 0.0 months | ||
Total Cost of Credit | USD 2,264.26 | USD 936.61 | USD 3,383.86 | ||
True Price by Comp | |||||
Interest price component | 30.6% | 22.1% | 26.5% | ||
Fee Component | 0.0% | 0.0% | 0.0% | ||
Insurance Component | 0.4% | 0.5% | 0.4% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 31.0% | 22.6% | 26.9% | ||
Transparency Index | 52 | 71 | 59 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Key Statistics | |
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# Products | |
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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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