Number borrowers | 491 |
Loan Amount (range) | PHP 50,000 - 300,000 |
Loan Term (range) | 12 - 26 |
Other Services (text summary) | Credit Educ, Credit Ins |
Annual Interest & Method | 21.0% annual, Decl Bal |
Fees | 4.00% upfront 100.00 upfront |
Insurance | 1.50% upfront 20.00 ongoing |
Tax | None |
Comp Dep | 6.5% upfront |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 24.4% - 24.5% (Int+Fee) |
Insurance Component | 2.2% - 83.9% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 31.1% - 34.2% |
Transparency Index (min/max) | 15 - 136 |
Transparency Index (average) | 64 |
756 |
USD 100 - 10,000 |
10.7 - 71.3 |
Credit Educ, Credit Ins |
18.0%-24.0% annual, Decl Bal |
None |
None |
None |
N/A |
16.3% - 36.0% |
0 |
0 |
0 |
19.1% - 23.4% |
51 - 101 |
86 |
Outstanding portfolio (PHP) | PHP 18,917,541 |
Portfolio (USD) | USD 452,572.75 |
Active Clients with Loans | 491 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | x |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
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 | |
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 3,540,515 |
Portfolio (USD) | USD 3,540,515 |
Active Clients with Loans | 756 |
Approximate % Female Clients | 20% - 40% |
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 | x |
Education | |
Other household finance | x |
Other | |
Other (2) |
Credit education | x |
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 50,000 |
Maximum loan size | 300,000 |
Shortest loan term | 12.0 months |
Longest loan term | 26.0 months |
Approx average | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | x |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | USD |
Minimum loan size | USD 100 |
Maximum loan size | 10,000 |
Loans less than USD 1,500 | 0 |
USD 1,500-5,000 | 20% |
USD 5,000-10,000 | 80% |
USD 10,000-15,000 | 0 |
USD 15,000-18,000 | 0 |
Greater than USD 18,000 | 0 |
Shortest loan term | 10.7 months |
Longest loan term | 71.3 months |
Approx average | 41.8 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 | |
Single end payment | x |
Irregular payments | x |
Lowest quoted nominal interest | 1.75% |
Highest quoted nominal interest | 1.75% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Service Fee | Notarial Fee | |
% of loan amount - min | 4.00% | 0 | |
% of loan amount - max | 4.00% | 0 | |
OR, Fixed amount - min | 0 | 100 | |
Fixed amount - max | 0 | 100 | |
Reason for variation | N/A | ||
Appears on Repayment Sched? | No | No |
Ins 1 | |
---|---|
Description | Credit Insurance |
% of loan amount - min | 1.50% |
% 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 |
Ins 1 | |
---|---|
Description | MBA, Life and Retirement Insurance |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 20 |
Fixed amount - max | 20 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | |
Do borrowers control deposit in their group? |
% loan amount deposited | 6.50% |
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 | 3.00% |
Maximum interest rate paid | 3.00% |
Interest payment frequency | Annually |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 18.00% |
Highest quoted nominal interest | 24.00% |
Reason(s) why interest rate varies | Time as Client, Loan Size, Client Risk, Collateral, Loan Purpose |
Interest rate period | Yearly |
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 | |||
---|---|---|---|---|---|
Loan Amount | PHP 60,000 | PHP 90,000 | PHP 150,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2010-10-13 | 2010-09-24 | 2011-03-30 | ||
Loan Term (Months) | 35.0 months | 35.0 months | 35.0 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 | 24.5% | 24.5% | 24.4% | ||
Insurance Component | 4.4% | 3.4% | 2.6% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 5.3% | 4.9% | 4.1% | ||
Full APR (int fee ins tax dep) | 34.2% | 32.8% | 31.1% | ||
Transparency Index | 61 | 64 | 68 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | USD 3,000 | USD 8,000 | USD 7,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-12-05 | 2014-01-13 | 2013-12-05 | ||
Loan Term (Months) | 24.0 months | 48.0 months | 26.0 months | ||
Grace Period (Months) | 0.1 months | -1.0 months | 0.1 months | ||
Total Cost of Credit | USD 643.19 | USD 3,442.05 | USD 1,864.41 | ||
True Price by Comp | |||||
Interest price component | 20.4% | 19.1% | 23.4% | ||
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) | 20.4% | 19.1% | 23.4% | ||
Transparency Index | 88 | 94 | 77 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Key Statistics | |
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# Products | |
# Institutions | |
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# Borrowers | |
Loan Portfolio (USD) | |
% Products using declining balance | |
% Products with one or more fee | |
% Products with one or more insurances | |
% Products with compulsory deposits |
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