2. NWTF
Please note that the information you are viewing is 160 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. Farmer Finance
Please note that the information you are viewing is 141 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

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: 160 months

Institution

Farmer Finance Ltd 1071, National Road 2Chak Angre LeuPhnom PenhPO Box 88772
Data approved: 2013-03-20
Data version: 3
Age of data: 141 months
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Product Summary

Number borrowers1,760
Loan Amount (range)PHP 30,000 - 150,000
Loan Term (range)3 - 24
Other Services (text summary)
Annual Interest & Method30.0% annual, Flat
Fees3.00% ongoing 5.00% ongoing
Insurance10.00-32.00 ongoing
TaxNone
Comp Dep5.0% upfront 1.00 ongoing
Range of pricing 
Interest Price ComponentN/A
Fee Component70.1% - 87.6% (Int+Fee)
Insurance Component0 - 21.6%
Tax Component Range0
Full APR (int fee ins tax dep)81.2% - 101.6%
Transparency Index (min/max)25 - 50
Transparency Index (average)33

Product Summary

266
USD 250 - 24,000
1 - 24
20.4%-27.6% annual, Decl Bal
0.50%-0.00% upfront
None
None
None
 
18.3% - 30.7%
0.5% - 8.3%
0
0
20.3% - 37.0%
55 - 101
79

Product Details

Key Statistics
Outstanding portfolio (PHP)PHP 9,300,000
Portfolio (USD)USD 222,488.04
Active Clients with Loans1,760
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Client can avail over P30,000 in this loan product. A graduation from the group lending.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other servicesx
Eligibility
Men
Womenx
Must run a businessx
Must own a home or land
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 institutionN/A
# Regions for this productN/A
Regions Active

Product Details

Key Statistics
Outstanding portfolio (USD)USD 407,300
Portfolio (USD)USD 407,300
Active Clients with Loans266
Approximate % Female Clients60% - 80%
Approximate % Urban Clients40% - 60%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Any loan for general purposes,like school fees, home improvement, buy machines for farms; death burial expenses etc.
Loan Purpose
Any purpose
Income generationx
Mortgage/housingx
Consumer loanx
Agriculture
Educationx
Other household financex
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurance
Workplace visits
Business training
Other training
Other
Other (2)
No other servicesx
Eligibility
Menx
Womenx
Must run a business
Must own a home or land
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 institution1
# Regions for this product1
Regions ActivePhnom Penh

Loan Conditions

Loan Amount
CurrencyPHP
Minimum loan sizePHP 30,000
Maximum loan size150,000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term24.0 months
Approx average12.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyUSD
Minimum loan sizeUSD 250
Maximum loan size24,000
Distribution at Disbursement (Est.)
Loans less than USD 2500
USD 250-1,00010%
USD 1,000-1,50030%
USD 1,500-2,00020%
USD 2,000-2,50015%
Greater than USD 2,50015%
Loan Term and Grace Period
Shortest loan term1.0 month
Longest loan term24.0 months
Approx averageDK
Distribution at Disbursement (Est.)
Loans 3 months or less5%
Between 4 and 6 months10%
Between 7 and 9 months10%
Between 10 and 12 months15%
Between 13 and 18 months40%
Longer than 18 months20%
Grace Period
Grace period usage0
Average grace periodDK
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest2.50%
Highest quoted nominal interest2.50%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
Fee 1Fee 2
DescriptionService ChargeDevelopment Cost
% of loan amount - min3.00%5.00%
% of loan amount - max3.00%5.00%
OR, Fixed amount - min00
Fixed amount - max00
Reason for variationamortized over the loan termamortized over the loan term
Appears on Repayment Sched?NoNo
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
Ins 1
DescriptionMAF
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min10
Fixed amount - max32
Reason for variationN/A
Appears on Repayment Sched?No
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited5.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedPHP 1
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paid4.00%
Maximum interest rate paid4.00%
Interest payment frequencyQuarterly
Taxes
Are taxes charged on this product?No
Additional Comments
The client who avails of this loan is not required to attend center meetings. Developmental Cost is for staff training and capacity building. Included in weekly savings deposit is P5 which goes to Pag-asa Fund (group fund). Weekly savings is P1/loan cycle.

Pricing Information

Interest
Lowest quoted nominal interest1.70%
Highest quoted nominal interest2.30%
Reason(s) why interest rate variesDepends client circumstances - poorer people are charged a lower rate.
Interest rate periodMonthly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min0.50%
% of loan amount - max0
OR, Fixed amount - min0
Fixed amount - max40
Reason for variation0.5% subject to a maximum of 40 USD
Appears on Repayment Sched?Yes
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
This product has no upfront insurance fees
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forSome
CriteriaN/A
Is deposit indicated on the repayment schedule?No
Do borrowers control deposit in their group?Yes
Deposit BEFORE or AT Disbursement
% loan amount deposited0
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount deposited0
Conditions on access to depositEnd Term
Interest Paid on Deposit
Minimum interest rate paid0
Maximum interest rate paid0
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?No

Full Pricing Data

Individual Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountPHP 29,500PHP 60,000PHP 70,000PHP 100,000
Loan Cycle (1, 2, 3, etc)20202121
Disbursement Date2011-03-102011-06-242011-08-312011-02-25
Loan Term (Months)12.0 months6.0 months12.0 months9.0 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot Known
True Price by Comp       
Interest and Fee Component70.2%87.6%70.1%80.6%
Insurance Component6.3%4.8%3.8%1.9%
Tax Component0.0%0.0%0.0%0.0%
Deposit Component9.0%9.2%7.2%8.1%
Full APR (int fee ins tax dep)85.5%101.6%81.2%90.6%
Transparency Index35303733
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF

Full Pricing Data

General Loan samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountUSD 250USD 600USD 1,200USD 1,800USD 2,400USD 3,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2013-03-162012-11-032013-01-212011-12-282012-01-132012-08-17
Loan Term (Months)5.1 months6.0 months12.0 months61.0 months49.0 months12.0 months
Grace Period (Months)0.0 months0.9 months0.2 months0.0 months-0.1 months-0.3 months
Total Cost of CreditUSD 20.75USD 48.95USD 171USD 995.90USD 1,196USD 332.28
True Price by Comp           
Interest price component24.8%30.7%23.2%20.9%23.8%18.3%
Fee Component8.3%6.3%2.4%1.0%0.5%2.0%
Insurance Component0.0%0.0%0.0%0.0%0.0%0.0%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component0.0%0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)33.1%37.0%25.6%21.9%24.3%20.3%
Transparency Index6255809384100
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF
Individual Loan Price Graphs


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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
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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