Number borrowers | 1,876 |
Loan Amount (range) | PHP 5,000 - 75,000 |
Loan Term (range) | 6 |
Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Education Trips of Members |
Annual Interest & Method | 28.0% annual, Flat |
Fees | 2.50%-5.00% upfront 1.50%-3.00% upfront |
Insurance | 31.50-472.00 upfront |
Tax | 0.50% loan amt |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 66.5% (Int+Fee) |
Insurance Component | 0.2% - 3.4% |
Tax Component Range | 0.6% - 1.2% |
Full APR (int fee ins tax dep) | 67.4% - 69.0% |
Transparency Index (min/max) | 31 - 73 |
Transparency Index (average) | 41 |
11,250 |
BOB 500 - 15,000 |
1 - 12 |
Credit Educ, Group Mtgs, Credit Ins, Other Training |
27.0%-32.0% annual, Decl Bal |
2.00% upfront |
None |
None |
10.0%-15.0% upfront 15.00% ongoing |
15.6% - 32.0% |
0.5% - 4.2% |
0 - 0.9% |
0 |
41.6% - 55.9% |
44 - 80 |
56 |
Outstanding portfolio (PHP) | PHP 47,777,445 |
Portfolio (USD) | USD 1,143,001.08 |
Active Clients with Loans | 1,876 |
Approximate % Female Clients | 0% - 20% |
Approximate % Urban Clients | 0% - 20% |
Individual | |
Solidarity group | x |
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 | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | x |
Business training | x |
Other training | |
Other | Education Trips of Members |
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 | x |
Other | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (BOB) | BOB 19,992,902 |
Portfolio (USD) | USD 2,961,911.41 |
Active Clients with Loans | 11,250 |
Approximate % Female Clients | 60% - 80% |
Approximate % Urban Clients | 40% - 60% |
Individual | |
Solidarity group | |
Village banking | x |
Self help group | |
Other |
Any purpose | x |
Income generation | |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | x |
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 | Cada grupo deber estar compuesto por al menos 75% de mujeres |
Other (2) |
# Regions for this institution | 6 |
# Regions for this product | 5 |
Regions Active | Chuquisaca , Cochabamba , La Paz , Santa Cruz, Tarija |
Currency | PHP |
Minimum loan size | PHP 5,000 |
Maximum loan size | 75,000 |
Shortest loan term | 6.0 months |
Longest loan term | 6.0 months |
Approx average | 6.0 months |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | x |
Irregular payments |
Currency | BOB |
Minimum loan size | BOB 500 |
Maximum loan size | 15,000 |
Loans less than BOB 10,000 | 90% |
BOB 10,000-40,000 | 10% |
BOB 40,000-70,000 | 0 |
BOB 70,000-100,000 | 0 |
BOB 100,000-125,000 | 0 |
Greater than BOB 125,000 | 0 |
Shortest loan term | 1.0 month |
Longest loan term | 12.0 months |
Approx average | 10.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 5% |
Between 7 and 9 months | 15% |
Between 10 and 12 months | 80% |
Between 13 and 18 months | 0 |
Longer than 18 months | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | x |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | x |
Irregular payments |
Lowest quoted nominal interest | 28.00% |
Highest quoted nominal interest | 28.00% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | Fee 2 | ||
---|---|---|---|
Description | Service Charge | Filing Fee | |
% of loan amount - min | 2.50% | 1.50% | |
% of loan amount - max | 5.00% | 3.00% | |
OR, Fixed amount - min | 0 | 0 | |
Fixed amount - max | 0 | 0 | |
Reason for variation | N/A | ||
Appears on Repayment Sched? | No | No |
Ins 1 | |
---|---|
Description | Loan Insurance |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 31.50 |
Fixed amount - max | 472 |
Reason for variation | N/A |
Appears on Repayment Sched? | 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? | Yes |
Percentage of fees | 0 |
All or some fees taxed | N/A |
Lowest quoted nominal interest | 27.00% |
Highest quoted nominal interest | 32.00% |
Reason(s) why interest rate varies | Loan Purpose, NĂşmero de participante en cada grupo y por tipo de credito, beneficiando al sector productivo. |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Comision por Gastos Administrativos |
% of loan amount - min | 2.00% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | N/A |
Appears on Repayment Sched? | No |
Required for | All |
Criteria | El depĂłsito obligatorio antes del desembolso varĂa entre 10%-15% basado en el nivel de riesgo de cada agencia. |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? | No |
% loan amount deposited | 10.00% - 15.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 15.00% |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 0 |
Maximum interest rate paid | 0 |
Interest payment frequency | N/A |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | PHP 8,000 | PHP 14,000 | PHP 28,000 | PHP 60,000 | |||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | |||
Disbursement Date | 2011-06-29 | 2011-06-30 | 2011-06-29 | 2011-06-29 | |||
Loan Term (Months) | 6.0 months | 6.0 months | 6.0 months | 6.0 months | |||
Grace Period (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 | |||
True Price by Comp | |||||||
Interest and Fee Component | 66.5% | 66.5% | 66.5% | 66.5% | |||
Insurance Component | 1.8% | 1.8% | 1.8% | 0.2% | |||
Tax Component | 0.7% | 0.7% | 0.7% | 0.7% | |||
Deposit Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Full APR (int fee ins tax dep) | 69.0% | 68.9% | 68.9% | 67.4% | |||
Transparency Index | 41 | 41 | 41 | 42 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | Sample 5 | Sample 6 | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Loan Amount | BOB 1,000 | BOB 5,000 | BOB 6,800 | BOB 8,000 | BOB 9,500 | BOB 11,000 | |||||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | Not Known | Not Known | Not Known | |||||
Disbursement Date | 2013-09-13 | 2013-10-26 | 2013-10-26 | 2013-09-13 | 2013-10-26 | 2013-10-26 | |||||
Loan Term (Months) | 8.0 months | 11.0 months | 11.0 months | 8.0 months | 11.0 months | 11.0 months | |||||
Grace Period (Months) | 0.2 months | 0.2 months | 0.2 months | 0.2 months | 0.2 months | 0.2 months | |||||
Total Cost of Credit | BOB 218.60 | BOB 969.57 | BOB 1,319.89 | BOB 1,748.80 | BOB 1,844.03 | BOB 2,134.22 | |||||
True Price by Comp | |||||||||||
Interest price component | 31.1% | 32.0% | 32.0% | 31.1% | 32.0% | 32.0% | |||||
Fee Component | 3.4% | 4.2% | 4.2% | 3.4% | 4.2% | 4.2% | |||||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
Deposit Component | 9.7% | 19.7% | 13.6% | 7.1% | 13.6% | 13.6% | |||||
Full APR (int fee ins tax dep) | 44.2% | 55.9% | 49.8% | 41.6% | 49.8% | 49.8% | |||||
Transparency Index | 61 | 48 | 54 | 65 | 54 | 54 | |||||
Original Repayment Schedule | |||||||||||
MFT Pricing Calculation |
Key Statistics | |
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# 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 |
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