Number borrowers | 123 |
Loan Amount (range) | PHP 5,000 - 50,000 |
Loan Term (range) | 4 |
Other Services (text summary) | Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training, Values Formation |
Annual Interest & Method | 36.0% annual, Flat |
Fees | 3.00% upfront |
Insurance | 2.00% upfront |
Tax | None |
Comp Dep | 5.0% upfront 200.00 ongoing |
Range of pricing | |
Interest Price Component | N/A |
Fee Component | 44.6% - 46.2% (Int+Fee) |
Insurance Component | 6.5% - 39.0% |
Tax Component Range | 0 |
Full APR (int fee ins tax dep) | 55.0% - 56.5% |
Transparency Index (min/max) | 21 - 65 |
Transparency Index (average) | 64 |
105 |
USD 500 - 25,000 |
3 - 48 |
Credit Ins |
18.0%-36.0% annual, Decl Bal |
None |
0.18%-2.88% ongoing |
None |
N/A |
19.1% - 36.0% |
0 |
0.6% - 0.9% |
0 |
20.5% - 32.7% |
52 - 95 |
68 |
Outstanding portfolio (PHP) | PHP 1,066,985.45 |
Portfolio (USD) | USD 25,525.97 |
Active Clients with Loans | 123 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 0% - 20% |
Individual | x |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | x |
Education | |
Other household finance | |
Other | Purchase of farm inputs |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | x |
Workplace visits | x |
Business training | x |
Other training | |
Other | Values Formation |
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 | Engaged in farming activities |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Outstanding portfolio (USD) | USD 555,615.02 |
Portfolio (USD) | USD 555,615.02 |
Active Clients with Loans | 105 |
Approximate % Female Clients | 20% - 40% |
Approximate % Urban Clients | 40% - 60% |
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 | 2 |
# Regions for this product | 2 |
Regions Active | Beni , Santa Cruz |
Currency | PHP |
Minimum loan size | PHP 5,000 |
Maximum loan size | 50,000 |
Shortest loan term | 4.0 months |
Longest loan term | 4.0 months |
Approx average | 4.0 months |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | x |
Irregular payments |
Currency | USD |
Minimum loan size | USD 500 |
Maximum loan size | 25,000 |
Loans less than USD 1,500 | 10% |
USD 1,500-5,000 | 15% |
USD 5,000-10,000 | 30% |
USD 10,000-15,000 | 5% |
USD 15,000-18,000 | 5% |
Greater than USD 18,000 | 5% |
Shortest loan term | 3.0 months |
Longest loan term | 48.0 months |
Approx average | 42.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 5% |
Between 13 and 18 months | 15% |
Longer than 18 months | 80% |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | |
Every 2 weeks | |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 3.00% |
Highest quoted nominal interest | 3.00% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Loan Service Fee |
% of loan amount - min | 3.00% |
% of loan amount - max | 3.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | No |
Ins 1 | |
---|---|
Description | Loan Redemption Fee |
% 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 | N/A |
Is deposit indicated on the repayment schedule? | Yes |
Do borrowers control deposit in their group? |
% loan amount deposited | 5.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | PHP 200 |
Conditions on access to deposit | End Term |
Minimum interest rate paid | 2.00% |
Maximum interest rate paid | 4.00% |
Interest payment frequency | Quarterly |
Are taxes charged on this product? | No |
Lowest quoted nominal interest | 18.00% |
Highest quoted nominal interest | 36.00% |
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 |
Ins 1 | |
---|---|
Description | Pago del seguro de desgravamen |
% of loan amount - min | 0.18% |
% of loan amount - max | 2.88% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Se aplica 0.06% en cada cuota cargado en el saldo pendiente del principal |
Appears on Repayment Sched? | 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 14,000 | PHP 15,000 | PHP 28,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | 20 | 6 | ||
Disbursement Date | 2011-03-17 | 2011-02-18 | 2011-02-01 | ||
Loan Term (Months) | 4.0 months | 4.0 months | 4.0 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 | 44.6% | 45.8% | 46.2% | ||
Insurance Component | 6.6% | 6.8% | 6.9% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 3.7% | 3.8% | 3.3% | ||
Full APR (int fee ins tax dep) | 55.0% | 56.5% | 56.4% | ||
Transparency Index | 65 | 64 | 64 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | USD 500 | USD 1,900 | USD 19,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2013-12-27 | 2013-12-27 | 2013-10-01 | ||
Loan Term (Months) | 20.0 months | 25.0 months | 19.0 months | ||
Grace Period (Months) | 0.5 months | 0.5 months | 0.5 months | ||
Total Cost of Credit | USD 156.74 | USD 612.69 | USD 3,434.46 | ||
True Price by Comp | |||||
Interest price component | 32.0% | 26.1% | 19.8% | ||
Fee Component | 0.0% | 0.0% | 0.0% | ||
Insurance Component | 0.7% | 0.6% | 0.7% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 32.7% | 26.7% | 20.5% | ||
Transparency Index | 52 | 64 | 88 | ||
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 |
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