| Number borrowers | 5,000 |
| Loan Amount (range) | PHP 1,000 - 150,000 |
| Loan Term (range) | 3 - 36 |
| Other Services (text summary) | |
| Annual Interest & Method | 30.0% annual, Flat |
| Fees | 3.00% ongoing 5.00% ongoing |
| Insurance | None |
| Tax | None |
| Comp Dep | 10.0% upfront |
| Range of pricing | |
| Interest Price Component | N/A |
| Fee Component | 67.2% - 85.6% (Int+Fee) |
| Insurance Component | 0 - 21.6% |
| Tax Component Range | 0 |
| Full APR (int fee ins tax dep) | 67.2% - 85.9% |
| Transparency Index (min/max) | 25 - 50 |
| Transparency Index (average) | 41 |
| 5,329 |
| BOB 400 - 2,000,000 |
| 37 - 120 |
| Credit Ins |
| 10.0%-17.0% annual, Decl Bal |
| None |
| None |
| None |
| N/A |
| 7.8% - 28.0% |
| 0 |
| 0 |
| 0 |
| 12.9% - 17.1% |
| 52 - 101 |
| 70 |
| Outstanding portfolio (PHP) | PHP 17,900,000 |
| Portfolio (USD) | USD 428,229.67 |
| Active Clients with Loans | 5,000 |
| Approximate % Female Clients | 80% - 100% |
| Approximate % Urban Clients | 0% - 20% |
| Individual | |
| Solidarity group | x |
| Village banking | x |
| Self help group | |
| Other |
| Any purpose | |
| Income generation | x |
| Mortgage/housing | x |
| Consumer loan | |
| Agriculture | |
| Education | x |
| 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 | |
| Women | x |
| Must run a business | x |
| 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 (BOB) | BOB 536,771,180.20 |
| Portfolio (USD) | USD 79,521,656.33 |
| Active Clients with Loans | 5,329 |
| Approximate % Female Clients | 20% - 40% |
| Approximate % Urban Clients | 80% - 100% |
| 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 | x |
| Workplace visits | |
| Business training | |
| Other training | |
| Other | |
| Other (2) | |
| No other services |
| Men | x |
| Women | x |
| Must run a business | x |
| Must own a home or land | |
| Must be a salaried worker | |
| Must be specific age group | |
| Other | |
| Other (2) |
| # Regions for this institution | 9 |
| # Regions for this product | 9 |
| Regions Active | Beni , Chuquisaca , Cochabamba , La Paz , Oruro , Pando , Potosí, Santa Cruz, Tarija |
| Currency | PHP |
| Minimum loan size | PHP 1,000 |
| Maximum loan size | 150,000 |
| Shortest loan term | 3.0 months |
| Longest loan term | 36.0 months |
| Approx average | 9.0 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 | BOB |
| Minimum loan size | BOB 400 |
| Maximum loan size | 2,000,000 |
| Loans less than BOB 10,000 | 0 |
| BOB 10,000-40,000 | 5% |
| BOB 40,000-70,000 | 10% |
| BOB 70,000-100,000 | 30% |
| BOB 100,000-125,000 | 30% |
| Greater than BOB 125,000 | 30% |
| Shortest loan term | 37.0 months |
| Longest loan term | 120.0 months |
| Approx average | 56.0 months |
| Loans 3 months or less | 0 |
| Between 4 and 6 months | 0 |
| Between 7 and 9 months | 0 |
| Between 10 and 12 months | 0 |
| Between 13 and 18 months | 0 |
| Longer than 18 months | 100% |
| 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 | x |
| Single end payment | |
| Irregular payments |
| 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 |
| Required for | Some |
| Criteria | Only for clients who avail of loan over P30,000 with 10% maintaining balance based on the loan amount. |
| Is deposit indicated on the repayment schedule? | Yes |
| Do borrowers control deposit in their group? |
| % loan amount deposited | 10.00% - N/A |
| or, Fixed-amount deposited | 0 |
| % loan amount deposited | 0 |
| or, Fixed-amount deposited | 0 |
| Conditions on access to deposit | Access During |
| Minimum interest rate paid | 2.50% |
| Maximum interest rate paid | 2.50% |
| Interest payment frequency | Weekly |
| Are taxes charged on this product? | No |
| Lowest quoted nominal interest | 10.00% |
| Highest quoted nominal interest | 17.00% |
| Reason(s) why interest rate varies | Loan Size, Collateral, Plazo |
| Interest rate period | Yearly |
| Interest Rate Calculation Method | Decl Bal |
| Subsidized by funder request? | No |
| Is rate fixed for entire loan term | No |
| 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 | Sample 5 | Sample 6 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Loan Amount | PHP 4,000 | PHP 15,000 | PHP 20,000 | PHP 20,000 | PHP 20,000 | PHP 25,000 | |||||
| Loan Cycle (1, 2, 3, etc) | 1 | 1 | Not Known | 1 | 1 | 5 | |||||
| Disbursement Date | 2011-08-25 | 2011-08-25 | 2011-08-25 | 2011-09-02 | 2011-09-02 | 2011-08-25 | |||||
| Loan Term (Months) | 6.0 months | 12.0 months | 12.0 months | 12.0 months | 12.0 months | 12.0 months | |||||
| Grace Period (Months) | 0.0 months | 0.0 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 | Not Known | Not Known | |||||
| True Price by Comp | |||||||||||
| Interest and Fee Component | 85.6% | 68.0% | 67.2% | 71.0% | 71.0% | 68.0% | |||||
| Insurance Component | 0.0% | 4.8% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Deposit Component | 0.4% | 2.5% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Full APR (int fee ins tax dep) | 85.9% | 75.3% | 67.2% | 71.0% | 71.0% | 68.0% | |||||
| Transparency Index | 35 | 40 | 45 | 42 | 42 | 44 | |||||
| Original Repayment Schedule | |||||||||||
| MFT Pricing Calculation |
| Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
|---|---|---|---|---|---|---|---|
| Loan Amount | BOB 45,000 | BOB 80,500 | BOB 102,900 | BOB 137,200 | |||
| Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
| Disbursement Date | 2013-04-16 | 2013-10-28 | 2013-06-20 | 2013-11-22 | |||
| Loan Term (Months) | 48.0 months | 58.0 months | 61.0 months | 61.0 months | |||
| Grace Period (Months) | 0.0 months | 0.2 months | -0.2 months | 0.4 months | |||
| Total Cost of Credit | BOB 11,710.26 | BOB 25,844.41 | BOB 37,227.42 | BOB 69,160.31 | |||
| True Price by Comp | |||||||
| Interest price component | 12.9% | 13.2% | 14.2% | 17.1% | |||
| Fee Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
| Full APR (int fee ins tax dep) | 12.9% | 13.2% | 14.2% | 17.1% | |||
| Transparency Index | 77 | 76 | 70 | 59 | |||
| Original Repayment Schedule | |||||||
| MFT Pricing Calculation |
| 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 |
| Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
|---|---|---|---|---|---|---|---|
| X Axis | ||||||
|---|---|---|---|---|---|---|
| Greater than: | ||||||
| Less or equal to: | ||||||
| N (# of Samples) | ||||||
| Total Borrrowers of Samples | ||||||
| Avg | ||||||
| Min | ||||||
| Max | ||||||
| Std Dev | ||||||
| By Inst Type | ||||||
| By Country | ||||||
| X Axis | ||||||
|---|---|---|---|---|---|---|
| Greater than: | ||||||
| Less or equal to: | ||||||
| From 0 to | ||||||
| to | ||||||
| to | ||||||
| to ∞ | ||||||
