Paglaum Multi Purpose Cooperative - MEDAL 1 - MFTransparency.org Truth In Lending Tables

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Institution

Paglaum Multi Purpose Cooperative 2F PMPC Bldg., Eastern LoocPlaridel, Misamis Occidental7209

Data approved: 2011-11-15

Data version: 1

Age of data: 154 months

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Product

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Product Details

Key Statistics

Outstanding portfolio (PHP)	PHP 3,701,020
Portfolio (USD)	USD 88,541.15
Active Clients with Loans	1,520
Approximate % Female Clients	60% - 80%
Approximate % Urban Clients	0% - 20%

Methodology

Individual
Solidarity group	x
Village banking
Self help group
Other

Description

To provide additional capital to all regular members (ambulant vendors) with an existing business specific within the public market area.

Loan Purpose

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

Included Services

Credit education	x
Group meetings	x
Credit insurance	x
Workplace visits
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
Must be a salaried worker
Must be specific age group
Other	Must be Coop member
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 5,000
Maximum loan size	5,000

Loan Term and Grace Period

Shortest loan term	3.0 months
Longest loan term	6.0 months
Approx average	0

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

Daily
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

Lowest quoted nominal interest	2.50%
Highest quoted nominal interest	3.00%
Reason(s) why interest rate varies	N/A
Interest rate period	Monthly
Interest Rate Calculation Method	Flat
Subsidized by funder request?
Is rate fixed for entire loan term	Yes

Upfront Fees

	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

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	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

Ongoing Insurance Fees

	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

Compulsory Deposit

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

Deposit BEFORE or AT Disbursement

% loan amount deposited	6.50%
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	PHP 26
Conditions on access to deposit	Access During

Interest Paid on Deposit

Minimum interest rate paid	3.00%
Maximum interest rate paid	3.00%
Interest payment frequency	Annually

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Full Pricing Data

MEDAL 1 samples

	Sample 1	Sample 2	Sample 3
Loan Amount	PHP 5,000	PHP 5,000	PHP 5,000
Loan Cycle (1, 2, 3, etc)	Not Known	Not Known	Not Known
Disbursement Date	2011-07-14	2011-07-12	2011-07-12
Loan Term (Months)	5.6 months	6.0 months	36.0 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	84.8%	51.9%	13.4%
Insurance Component	21.6%	16.5%	6.6%
Tax Component	0.0%	0.0%	0.0%
Deposit Component	7.8%	2.7%	2.2%
Full APR (int fee ins tax dep)	114.2%	71.1%	22.1%
Transparency Index	26	42	100

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

MEDAL 1 Price Graphs

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
Adhikar	35,300	2,674,000	1	134
AMPL	0	0	0	134
Arman	41,500	529,107,000	1	134
Arohan	43,500	8,091,000	2	134
ASA INDIA	164,000	15,380,000	1	134
Asirvad	113,500	19,328,000	1	134
Asmitha	1,114,800	217,867,000	1	134
Bandhan	4,048,600	674,564,000	5	134
Belstar	123,000	23,945,000	2	113
BSFL	275,200	31,590,000	3	134
Chaitanya	20,700	3,748,000	3	134
Disha Microfin	69,000	14,332,000	2	134
Equitas	1,220,000	186,415,000	4	134
ESAF	354,200	43,500,000	5	134
FFSL	150,600	35,719,000	2	134
Fusion	66,800	9,820,000	2	134
Grama Vidiyal	738,200	102,101,000	1	134
Grameen Koota	586,600	83,555,000	15	136
Janalakshmi	506,000	119,077,000	2	134
L & T Finance	399,800	37,199,000	1	134
MFL	331,800	49,083,000	1	134
MMFL	175,000	23,752,000	2	134
Mpower	13,600	2,263,000	2	134
Sahayata	0	0	0	134
Saija	24,700	4,682,000	2	134
Samasta	45,500	4,809,000	2	134
Satin	405,600	90,174,000	2	134
SCCI	115,600	15,910,000	2	134
Share	2,195,400	376,727,000	1	134
SKS	3,409,000	355,029,000	2	134
SMILE	360,200	56,927,000	1	134
SNFL	9,400	1,779,000	1	134
Sonata Finance	158,200	22,724,000	3	136
Spandana	533,400	147,240,000	2	134
Suryoday	78,600	14,713,000	3	134
SVCL	118,200	18,886,000	1	134
Swadhaar	92,800	17,166,000	3	134
Trident	68,700	8,852,000	1	134
Ujjivan	913,300	160,848,000	5	134
Utkarsh	168,600	25,915,000	3	134
VFS	175,400	19,264,000	2	134
Asomi	50,300	4,743,000	2	167
AES India	3,600	286,000	1	167
Arth	2,900	611,000	2	167
Asomi	50,300	4,743,000	2	167
Barasat GS	1,100	99,508.02	1	167
BJS	6,000	468,000	1	167
Cashpor	417,000	50,452,000	1	166
Credible	10,000	1,669,540.36	2	167
DIBAKAR	1,800	145,000	1	166
GOF	65,200	5,388,000	4	166
Hope	62,600	4,407,000	1	164
Jaago	2,700	237,000	1	165
LOK	4,900	573,000	1	166
Nano	25,600	3,660,000	2	167
NBSAAVS	28,100	2,821,000	1	164
Nirantara	8,200	917,000	2	166
Parama	7,100	482,000	1	166
Pragathi	26,200	4,579,000	6	166
PWMACS	36,500	5,946,000	1	166
Saadhana	90,900	12,046,000	2	166
Sambhav	1,500	183,000	3	166
Seba Rahara	6,700	468,000	1	166
SU	61,100	5,498,000	1	166
Swayanshree	7,900	918,000	2	166
Vikas Samiti	1,600	168,000	1	166
Vistaar	4,300	1,157,000	2	164
We The People	1,100	244,000	2	166
WEMCS	1,100	85,000	1	166
Yukti	1,100	99,000	2	166

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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Total Borrrowers of Samples


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