Number borrowers | 96,603 |
Loan Amount (range) | PHP 1,000 - 30,000 |
Loan Term (range) | 3 - 12 |
Other Services (text summary) | Group Mtgs, Credit Ins, Business Training, Other Training, Insurance - life, accident, burial assistance for member & family, Savings / Medical and dental missions |
Annual Interest & Method | 30.0% annual, Flat |
Fees | 3.00% ongoing 5.00% ongoing |
Insurance | 10.00-32.00 ongoing |
Tax | None |
Comp Dep | 5.0% upfront 1.00 ongoing |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 69.7% - 85.6% (Int+Fee) |
Insurance Component | 0 - 21.6% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 97.2% - 118.7% |
Transparency Index (min/max) | 25 - 50 |
Transparency Index (average) | 27 |
1,082 |
USD 150 - 1,000 |
4 - 24 |
14.4% annual, Decl Bal |
None |
None |
None |
N/A |
14.5% - 34.8% |
0 |
0 |
0 |
14.5% |
52 - 100 |
99 |
Outstanding portfolio (PHP) | PHP 496,900,000 |
Portfolio (USD) | USD 11,887,559.81 |
Active Clients with Loans | 96,603 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 20% - 40% |
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 | x |
Workplace visits | |
Business training | x |
Other training | x |
Other | Insurance - life, accident, burial assistance for member & family |
Other (2) | Savings / Medical and dental missions |
No other services |
Men | |
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 | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (USD) | USD 404,112 |
Portfolio (USD) | USD 404,112 |
Active Clients with Loans | 1,082 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | |
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 | |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services | x |
Men | x |
Women | x |
Must run a business | |
Must own a home or land | x |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | 24 |
# Regions for this product | 15 |
Regions Active | Battambang, Kampong Cham, Kampong Chhnang, Kampong Speu, Kampong Thom, Kampot, Kandal, Kep, Pailin, Phnom Penh, Pursat, Prey VengSiem Reap, Svay Rieng, Takéo |
Currency | PHP |
Minimum loan size | PHP 1,000 |
Maximum loan size | 30,000 |
Shortest loan term | 3.0 months |
Longest loan term | 12.0 months |
Approx average | 6.7 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 | USD |
Minimum loan size | USD 150 |
Maximum loan size | 1,000 |
Loans less than USD 250 | 100% |
USD 250-1,000 | 0 |
USD 1,000-1,500 | 0 |
USD 1,500-2,000 | 0 |
USD 2,000-2,500 | 0 |
Greater than USD 2,500 | 0 |
Shortest loan term | 4.0 months |
Longest loan term | 24.0 months |
Approx average | 21.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 20% |
Between 13 and 18 months | 0 |
Longer than 18 months | 80% |
Grace period usage | 10% |
Average grace period | 2.0 months |
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 | x |
Lowest quoted nominal interest | 2.50% |
Highest quoted nominal interest | 2.50% |
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 | Development Cost | |
% of loan amount - min | 3.00% | 5.00% | |
% of loan amount - max | 3.00% | 5.00% | |
OR, Fixed amount - min | 0 | 0 | |
Fixed amount - max | 0 | 0 | |
Reason for variation | amortized over the loan term | amortized over the loan term | |
Appears on Repayment Sched? | Yes | Yes |
Ins 1 | |
---|---|
Description | MAF |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 10 |
Fixed amount - max | 32 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? |
% loan amount deposited | 5.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | PHP 1 |
Conditions on access to deposit | Access During |
Minimum interest rate paid | 4.00% |
Maximum interest rate paid | 4.00% |
Interest payment frequency | Quarterly |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 1.20% |
Highest quoted nominal interest | 1.20% |
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 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | PHP 8,000 | PHP 8,000 | PHP 10,000 | PHP 22,000 | |||
Loan Cycle (1, 2, 3, etc) | 3 | 3 | 9 | 16 | |||
Disbursement Date | 2011-06-29 | 2011-06-29 | 2011-06-22 | 2011-06-22 | |||
Loan Term (Months) | 6.0 months | 6.0 months | 12.0 months | 6.0 months | |||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||
Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | |||
True Price by Comp | |||||||
Interest and Fee Component | 85.6% | 85.6% | 69.7% | 85.6% | |||
Insurance Component | 21.6% | 21.6% | 16.4% | 12.6% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 11.6% | 11.6% | 11.1% | 10.4% | |||
Full APR (int fee ins tax dep) | 118.7% | 118.7% | 97.2% | 108.6% | |||
Transparency Index | 25 | 25 | 31 | 28 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | USD 250 | USD 500 | USD 650 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-03-06 | 2013-02-28 | 2012-10-24 | ||
Loan Term (Months) | 20.0 months | 24.0 months | 12.0 months | ||
Grace Period (Months) | 0.1 months | 2.6 months | 4.6 months | ||
Total Cost of Credit | USD 30.90 | USD 82.02 | USD 67.21 | ||
True Price by Comp | |||||
Interest price component | 14.5% | 14.5% | 14.5% | ||
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) | 14.5% | 14.5% | 14.5% | ||
Transparency Index | 99 | 99 | 99 | ||
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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