Loan Conditions

Loan Amount

Currency	PHP
Minimum loan size	PHP 1,000
Maximum loan size	150,000

Loan Term and Grace Period

Shortest loan term	1.0 month
Longest loan term	12.0 months
Approx average	0

Grace Period

Grace period usage	0
Average grace period	0.3 months

Repayment Frequency

Daily	x
Weekly	x
Every 2 weeks	x
Every 4 weeks
Monthly	x
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest

Upfront Fees

	Fee 1		Fee 2
Description	Service Charge		Filing Fee
% of loan amount - min	3.00%		0
% of loan amount - max	3.00%		0
OR, Fixed amount - min	0		10
Fixed amount - max	0		20
Reason for variation			N/A
Appears on Repayment Sched?	No		No

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	Ins 1
Description	Credit Insurance
% of loan amount - min	0.13%
% of loan amount - max	1.50%
OR, Fixed amount - min	0
Fixed amount - max	0
Reason for variation	N/A
Appears on Repayment Sched?	No

Ongoing Insurance Fees

This product has no ongoing insurance fees

Compulsory Deposit

Required for	All
Criteria	N/A
Is deposit indicated on the repayment schedule?	Yes
Do borrowers control deposit in their group?

Deposit BEFORE or AT Disbursement

% loan amount deposited	0
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	4.00%
or, Fixed-amount deposited	0
Conditions on access to deposit	Access During

Interest Paid on Deposit

Minimum interest rate paid	2.75%
Maximum interest rate paid	2.75%
Interest payment frequency	Quarterly

Taxes

Are taxes charged on this product?

No

Additional Comments

Quarterly payment of interest. The Coop collects both savings and CBU. CBU is non-withdrawable and will be used for dividends at the end of the year. Annually, the Coop also collects P2 as miscellaneous fee to cover office supplies and other administrative expenses

SUMMED (Scaling Up Micro-Finance Management and Entrepreneurial Development) Price Graphs