Rangtay sa Pagrang-ay, Inc. - Livestock Loan - MFTransparency.org Truth In Lending Tables

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Institution

Rangtay sa Pagrang-ay, Inc. 4th Floor Manongdo Bldg.17 Private Road, Magsaysay Ave.Baguio City2600

Data approved: 2011-11-15

Data version: 1

Age of data: 162 months

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Product

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Product Details

Key Statistics

Outstanding portfolio (PHP)	PHP 5,376,605.87
Portfolio (USD)	USD 128,626.93
Active Clients with Loans	160
Approximate % Female Clients	60% - 80%
Approximate % Urban Clients	0% - 20%

Methodology

Individual	x
Solidarity group	x
Village banking
Self help group
Other

Description

For livestock (piggery, goats, poultry) activities

Loan Purpose

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

Included Services

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

Eligibility

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)

# 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	15,000

Loan Term and Grace Period

Shortest loan term	4.0 months
Longest loan term	6.0 months
Approx average	4.0 months

Grace Period

Grace period usage	0
Average grace period	0

Repayment Frequency

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

Pricing Information

Interest

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

Upfront Fees

	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

Ongoing Fees

This product has no ongoing fees

Upfront Insurance Fees

	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

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	5.00%
or, Fixed-amount deposited	0

Deposits DURING period payments

% loan amount deposited	0
or, Fixed-amount deposited	PHP 200
Conditions on access to deposit	End Term

Interest Paid on Deposit

Minimum interest rate paid	2.00%
Maximum interest rate paid	4.00%
Interest payment frequency	Quarterly

Taxes

Are taxes charged on this product?	No

Are taxes charged on this product?

Additional Comments

Quarterly payment of interest on savings (2% for 1st - 3rd , 4% for 4th cycle up); Life insurance not required for those with existing group loan; weekly repayment of interest and savings, lump sum payment of principal at end of term

Full Pricing Data

Livestock Loan samples

	Sample 1	Sample 2	Sample 3	Sample 4
Loan Amount	PHP 7,000	PHP 8,000	PHP 14,000	PHP 14,000
Loan Cycle (1, 2, 3, etc)	1	10	3	Not Known
Disbursement Date	2011-04-20	2011-03-30	2011-02-17	2011-03-17
Loan Term (Months)	4.0 months	4.0 months	4.0 months	4.0 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	45.0%	46.1%	46.5%	44.6%
Insurance Component	6.7%	6.8%	10.5%	6.6%
Tax Component	0.0%	0.0%	0.0%	0.0%
Deposit Component	5.2%	4.8%	4.4%	3.9%
Full APR (int fee ins tax dep)	57.0%	57.7%	61.4%	55.1%
Transparency Index	63	62	59	65

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

Livestock Loan Price Graphs

Loan Size/

Loan Term/

Custom

Click to view Price Analysis Tool

Institution	# Borrowers	Portfolio (US$)	Products	Age of Data
Actuar Caldas	3,700	5,247,000	1	170
Actuar Quindio	2,300	2,800,000	2	170
Actuar Tolima	8,800	5,099,000	3	170
Amanecer	4,300	8,253,000	4	170
Banco Agrario	56,300	39,938,000	3	170
Banco WWB	219,400	294,019,000	5	165
Bancolombia	36,200	51,563,000	1	170
BdO	10,400	7,945,000	2	170
Comerciacoop	1,600	3,255,000	4	170
Confiar	43,800	81,993,000	7	170
Congente	5,400	20,045,000	2	170
Contactar	25,100	20,184,000	2	170
Crezcamos	27,500	22,564,000	4	170
Finamerica	39,800	99,536,000	7	170
FMM Popayán	310,000	243,614,000	3	170
FMSD	6,800	9,236,000	6	170
Fomentamos	900	102,000	1	170
Fund DeLaMujer	199,900	165,568,000	1	170
Fund Oleoductos	500	435,000	1	165
FUNDAUNIBAN	600	1,307,000	2	170
FUNDESAN	2,400	2,521,000	5	170
FUNDESMAG	1,000	1,698,000	2	170
Interactuar	30,200	93,846,000	4	170
MEDA	15,600	27,322,000	2	170
ProCredit CO	5,700	18,569,000	3	170

Key Statistics
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# 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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Total Borrrowers of Samples


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