Institution Type | Credit Union / Cooperative |
Is this institution regulated? | No |
Website address | N/A |
Year established | 1996 |
Head of Institution | MARILOU BANDING |
Regions active | |
# Branches | 10 |
Total Portfolio (nat'l) | PhP 79,034,409.97 |
Total Portfolio (USD) | USD 1,890,775.36 |
Active clients with loans | 12,093 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 0% - 20% |
Network affiliations | LZMCN, Philippine Federation of Credit Coopertives, Philippine Federation of Women In Coopertaives, COOP LIFE Assurance Society of the Philippines |
Funders | Oikocredit, Seedfinance, Landbank of the Philippines (LBP), NLDC |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Individual Loan | PHP 5,000 - 300,000 | 6 - 12 | 80% - 100% | 0% - 20% | Business | Women, Men, Have business, Salaried worker, Specific age group, 18-69 y.o., CI/BI | Credit Educ, Credit Ins, Tech Asst Visits, Business Training | |||||||
KAPA Loan | PHP 10,000 - 40,000 | 3 - 6 | 80% - 100% | 0% - 20% | Agriculture | Women, Men, Have business, Have home or land, Specific age group, 18-69 y.o., CI/BI | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training | |||||||
Life Protection Loan | PHP 1,380 - 1,380 | 4 - 8 | 80% - 100% | 0% - 20% | Life Insurance | Women, Men, Specific age group, 18-64 y.o, CI/BI | Credit Educ, Credit Ins, Tech Asst Visits, Business Training | |||||||
Trinity Loan | PHP 6,200 - 12,400 | 2 - 12 | 80% - 100% | 0% - 20% | Business | Women, Men, Have business, Have home or land, Specific age group, 18-69 y.o. , CI/BI | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Individual Loan | 36.0% annual, Flat | 2 Fees | 1 Ins | None | 20.0% upfront 80.00 ongoing | 41% - 69.2% | 40.8% - 121.3% | 47 | ||||||||
KAPA Loan | 36.0% annual, Flat | 2 Fees | 1 Ins | None | 5.0% upfront 90.00 ongoing | 37% - 53.6% | 45.5% - 69% | 63 | ||||||||
Life Protection Loan | 18.0% annual, Flat | 2 Fees | 0 Ins | None | 100.00 upfront | 34.1% | 45.2% | 40 | ||||||||
Trinity Loan | 21.0%-60.0% annual, Flat | 2 Fees | 1 Ins | None | 20.0% upfront 80.00 ongoing | 49.7% | 104.4% | 20 |
Outstanding portfolio (BOB) | BOB 28,991,985 |
Portfolio (USD) | USD 4,295,108.89 |
Active Clients with Loans | 987 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | x |
Consumer loan | |
Agriculture | |
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 | |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 7 |
# Regions for this product | 7 |
Regions Active | Chuquisaca , Cochabamba , La Paz , Oruro , Potosí, Santa Cruz, Tarija |
Currency | BOB |
Minimum loan size | BOB 3,500 |
Maximum loan size | 843,200 |
Loans less than BOB 10,000 | 15% |
BOB 10,000-40,000 | 20% |
BOB 40,000-70,000 | 20% |
BOB 70,000-100,000 | 15% |
BOB 100,000-125,000 | 15% |
Greater than BOB 125,000 | 15% |
Shortest loan term | 12.0 months |
Longest loan term | 96.0 months |
Approx average | 48.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 10% |
Between 13 and 18 months | 30% |
Longer than 18 months | 60% |
Grace period usage | 10% |
Average grace period | DK |
Daily | |
Weekly | |
Every 2 weeks | x |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | x |
Every 6 months | x |
Every 12 months | x |
Single end payment | x |
Irregular payments | x |
Lowest quoted nominal interest | 17.00% |
Highest quoted nominal interest | 25.00% |
Reason(s) why interest rate varies | Branch, 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 | No |
Ins 1 | |
---|---|
Description | Seguro de Desgravamen |
% of loan amount - min | 0.60% |
% of loan amount - max | 4.80% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | El costo es de 0.05% mensual, con cargo sólo en el saldo de capital pendiente del préstamo. |
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 | BOB 28,000 | BOB 42,000 | BOB 83,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-06-29 | 2013-05-04 | 2013-06-15 | ||
Loan Term (Months) | 24.0 months | 37.0 months | 61.0 months | ||
Grace Period (Months) | -0.3 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | BOB 6,531.44 | BOB 12,237.34 | BOB 44,985.57 | ||
True Price by Comp | |||||
Interest price component | 22.4% | 18.2% | 20.7% | ||
Fee Component | 0.0% | 0.0% | 0.0% | ||
Insurance Component | 0.6% | 0.6% | 0.6% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 23.0% | 18.8% | 21.3% | ||
Transparency Index | 74 | 91 | 80 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
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% Products with one or more insurances | |
% Products with compulsory deposits |
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