Negros Women for Tomorrow Foundation, Inc. - Green Loan - MFTransparency.org Truth In Lending Tables

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Institution

Negros Women for Tomorrow Foundation, Inc. 102 San Sebastian, Verbena Sts.Bacolod City, Negros Occidental6100

Data approved: 2011-11-15

Data version: 1

Age of data: 158 months

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Product

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Product Details

Key Statistics

Outstanding portfolio (PHP)	PHP 1,900,000
Portfolio (USD)	USD 45,454.55
Active Clients with Loans	2,000
Approximate % Female Clients	80% - 100%
Approximate % Urban Clients	0% - 20%

Methodology

Individual	x
Solidarity group
Village banking
Self help group
Other

Description

Advocate environmentally-friendly products that benefit our clients

Loan Purpose

Any purpose
Income generation	x
Mortgage/housing	x
Consumer loan	x
Agriculture
Education
Other household finance
Other
Other (2)

Included Services

Credit education
Group meetings
Credit insurance
Workplace visits	x
Business training
Other training
Other
Other (2)
No other services

Eligibility

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
Other
Other (2)

# Borrowers by Product

Portfolio Size by Product

Geographic Coverage

# Regions for this institution	N/A
# Regions for this product	N/A
Regions Active

Loan Conditions

Loan Amount

Currency	PHP
Minimum loan size	PHP 1,800
Maximum loan size	3,400

Loan Term and Grace Period

Shortest loan term	6.0 months
Longest loan term	12.0 months
Approx average	12.0 months

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

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

Pricing Information

Interest

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

Upfront Fees

This product has no upfront fees

Ongoing Fees

	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	No

Upfront Insurance Fees

This product has no upfront insurance fees

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	Never
Criteria	N/A
Is deposit indicated on the repayment schedule?	N/A
Do borrowers control deposit in their group?	N/A

Deposit BEFORE or AT Disbursement

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A

Deposits DURING period payments

% loan amount deposited	N/A
or, Fixed-amount deposited	N/A
Conditions on access to deposit	N/A

Interest Paid on Deposit

Minimum interest rate paid	N/A
Maximum interest rate paid	N/A
Interest payment frequency	N/A

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Additional Comments

Development Cost may be waived if the client pays 2% downpayment

Full Pricing Data

Green Loan samples

	Sample 1	Sample 2	Sample 3
Loan Amount	PHP 1,800	PHP 1,800	PHP 1,800
Loan Cycle (1, 2, 3, etc)	5	1	1
Disbursement Date	2011-07-29	2011-07-28	2011-07-29
Loan Term (Months)	6.0 months	6.0 months	6.0 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	87.3%	86.3%	87.3%
Insurance Component	0.0%	0.0%	0.0%
Tax Component	0.0%	0.0%	0.0%
Deposit Component	0.9%	0.9%	0.9%
Full APR (int fee ins tax dep)	88.2%	87.2%	88.2%
Transparency Index	34	34	34

Original Repayment Schedule	PDF	PDF	PDF
MFT Pricing Calculation	PDF	PDF	PDF

Green Loan Price Graphs

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
AgroCapital	21,900	16,894,000	11	171
ANED	5,400	6,579,000	3	130
Banco FIE	231,100	569,322,000	6	130
BancoSol	215,300	861,418,000	30	130
CIDRE	8,500	126,578,000	8	130
Coop Fatima	6,300	44,280,000	7	171
CRECER	166,900	134,626,000	13	130
Diaconia	67,000	85,734,000	2	130
Ecofuturo	59,200	226,839,000	5	130
EMPRENDER	8,700	2,380,000	3	171
Fassil FFP	57,600	325,081,000	5	130
FONCRESOL	3,900	9,573,000	3	130
FONDECO	14,200	24,274,000	3	130
Fortaleza	20,100	164,530,000	13	130
FUBODE	29,400	24,444,000	7	130
FUNBODEM	8,600	15,798,000	9	130
IDEPRO	10,400	40,479,000	2	130
IMPRO	2,400	2,885,000	4	130
ProCredit	84,300	257,487,000	8	171
PRODEM	44,900	62,529,000	4	130
ProMujer BOL	115,200	50,753,000	3	130
Sartawi	14,600	26,842,000	8	130

Key Statistics
# 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

	X Axis
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	Less or equal to:
N (# of Samples)
Total Borrrowers of Samples


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By Country

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