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 (THB) | THB 11,406,586 |
Portfolio (USD) | USD 386,663.93 |
Active Clients with Loans | 450 |
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 | |
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 | x |
Other | |
Other (2) |
# Regions for this institution | 20 |
# Regions for this product | 2 |
Regions Active | Banteay Meanchey, Battambang |
Currency | THB |
Minimum loan size | THB 6,001 |
Maximum loan size | 40,000 |
Loans less than THB 10,000 | 0 |
THB 10,000-30,000 | 50% |
THB 30,000-50,000 | 50% |
THB 50,000-70,000 | 0 |
THB 70,000-90,000 | 0 |
Greater than THB 90,000 | 0 |
Shortest loan term | 3.0 months |
Longest loan term | 24.0 months |
Approx average | 18.0 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 | 50% |
Longer than 18 months | 40% |
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 | 2.75% |
Highest quoted nominal interest | 3.00% |
Reason(s) why interest rate varies | Branch, Client Risk |
Interest rate period | Monthly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | 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 | THB 10,000 | THB 20,000 | THB 40,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-03-12 | 2013-02-22 | 2013-02-22 | ||
Loan Term (Months) | 11.0 months | 24.0 months | 24.0 months | ||
Grace Period (Months) | 10.4 months | 8.7 months | 10.6 months | ||
Total Cost of Credit | THB 3,294 | THB 9,473 | THB 19,874 | ||
True Price by Comp | |||||
Interest price component | 34.7% | 33.8% | 33.8% | ||
Fee Component | 0.0% | 0.0% | 0.0% | ||
Insurance Component | 0.0% | 0.0% | 0.0% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 34.7% | 33.8% | 33.8% | ||
Transparency Index | 95 | 98 | 98 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
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Loan Portfolio (USD) | |
% Products using declining balance | |
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% Products with one or more insurances | |
% Products with compulsory deposits |
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